MAG Capital Partners acquired a 72,500-square-foot, 9.5-acre industrial property—situated north of Minneapolis and proximate to Minnesota’s Medical Alley—via a sale-leaseback with a leading supplier to the medical device and life science industries.
The business accelerates the path to market for complex medical innovations with tailored, end-to-end design, manufacturing and automation solutions that are backed by more than 75 years of expertise and global reach. The site’s long-time tenant was founded in 1993 and was since acquired by a private-equity backed platform.
Minnesota places second in the nation regarding medical technology R&D, per several nationwide rankings.
STREAM Capital Partners’ Phil DiGennaro, Adam English and Jonathan Wolfe advised the seller.
