DWG Capital Partners, a fully integrated commercial real estate investment and capital markets firm based in Fort Worth, Texas, and Los Angeles, announced its sale of 1317 Business Highway 71 North in Columbus, Texas, for an undisclosed sum. The 35,835-square-foot light industrial facility is fully occupied on a long-term NNN lease by The Theut Company, a division of Denver Glass Interiors (DGI), which is a portfolio company of Dallas-based private equity firm Baymark Partners.
The buyer, a private Oregon-based partnership, and DWG Capital Partners were represented by Simon Miller with Endaxi Capital Partners in the off-market sale.
DWG Capital Partners had acquired the property in a multi-layered sale-leaseback transaction completed in April 2021 with The Theut Company, a 35-year commercial glass installation service provider in the greater Houston area. Soon after, the tenant significantly increased sales through strategic expansion resulting in an increased credit rating and asset enhancement.
“Our Theut Glass sale-leaseback investment has been a great success,” said DWG President Judd Dunning. “DWG Capital Partners’ proven structured finance strategy and investments in property backed by growing American companies positions us to double our commercial real estate portfolio in the next 12 months.”
