MAG Capital Partners, LLC acquired a 325,295-square-foot, three-property Kansas industrial manufacturing portfolio in a sale leaseback with KBK Industries for an undisclosed sum.
KBK Industries, a leading manufacturer of standard and customized fiberglass tanks and steel products, will continue to occupy the facilities for the long term.
The portfolio acquisition, totaling 94.8 acres, is made up of: 2537 East Highway 96, Rush Center (35,620 square feet) and 1914 Highway 183, LaCrosse (74,000 square feet) in central Kansas, and 2201 North Country Estates Road, Liberal (215,272 square feet), which is less than 10 miles from the Oklahoma border and serves as a logistical gateway to markets throughout the central and southwest United States.
Headquartered in Rush Center, Kansas, KBK Industries caters to customers that trust its fiberglass tanks and products for liquid storage primarily for use in oil and gas production, chemical production and agriculture applications. KBK also maintains steel manufacturing operations in Liberal and LaCrosse, Kansas.
Jeff Jackson and Reed Hudson with CBRE represented the seller in the transaction.
