Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganNebraskaIndustrial

MAG Capital Partners acquires flex industrial properties in three states

November 28, 2022
Share on Facebook Share on Twitter Share on LinkedIn Share via email
3421 Old Highway 8 in Norfolk, Nebraska.

MAG Capital Partners, LLC, acquired three flex industrial properties in three states totaling 244,930 square feet in a sale-leaseback transaction with the tenant, Applegate Greenfiber, which manufactures insulation products for commercial and residential use.

Together the properties span 32 acres and consist of 1000 Highview Drive in Webberville, Michigan, which totals 30,000 square feet on seven acres with 20-foot ceiling heights and two dock doors; 1241 Meadowbrook Drive in Eastanollee, Georgia, totaling 110,000 square feet on 11.7 acres with 20-foot ceiling heights and five dock doors; and 3421 Old Highway 8 in Norfolk, Nebraska, totaling 104,930 square feet on 13.33 acres with ceiling heights ranging from 18 feet to 30 feet and five dock doors.

The Nebraska property is also ideally located between the two longest east to west interstate systems in the nation — I-80 and I-90 — and is 60 minutes from the north-to-south I-29.

Earlier this year, Industrial Opportunity Partners, a Chicago-based industrial focused investment firm, acquired both Applegate Holdings, LLC and the assets of Greenfiber Holdings, LLC to form Applegate Greenfiber Holdings LLC, based in Charlotte, North Carolina.

The new company is capitalizing on its shared marketing platform, complementary product portfolios and shared research and development. The merger also provides an expanded footprint of production facilities and strategically placed sales and field support.

Daniel Macks of STREAM Capital Partners’ Miami office represented Industrial Opportunity Partners in the sale.

Tags
MAG Capital PartnersNorfolkWebberville
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasIndustrial

Cresa represents Careismatic Brands in its new 1,014,254-square-foot industrial lease in Dallas

February 3, 2023
TexasCRE

Hartman’s Anthony Trollope named Rising Star at CPE Influence Award ceremony

February 3, 2023
WisconsinMultifamily

CBRE brokers sale of 11-property multifamily portfolio in Milwaukee area

February 3, 2023
TexasIndustrial

Silver Star Properties completes sale of 17.2 acres in Fort Worth

February 3, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com