MAG Capital Partners, LLC acquired a Michigan industrial property in a sale leaseback with MARA Technologies USA Inc., a leading electronics manufacturer that operates its U.S. headquarters from the site.
The 66,106-square-foot manufacturing and warehouse facility—located at 10456 N. Holly Road in Holly, Mich.—is fully air-conditioned and features 19- to 22-foot ceiling heights, four dock-high doors, one grade-level door, electrostatic epoxy floors and an EV charging station. Situated on 12.3 acres approximately 50 miles north of Detroit, the facility is minutes from I-75 and direct routes to Flint and Auburn Hills, and is close to Bishop International Airport.
A subsidiary of Markham, Ontario, Canada-based Invotek Group Inc., MARA Technologies produces broadband telecommunication products critical for expansion of digital data capacity and the development of 5G infrastructure in the United States. Invotek Group has over 2,000 employees across the globe in Asia, Europe and North America.
Andrew Gi, co-founder and principal of MAG Capital Partners, said, “This acquisition continues our long-standing commitment to the American manufacturing industry. With its highly skilled workforce, Michigan’s Oakland County is among the nation’s leading markets for manufacturing job growth and we are pleased with our investment in the community.”
MAG Capital Partners invests in both operating companies and net-leased industrial properties throughout the United States. In Michigan, its portfolio also includes manufacturing facilities in Greenville, Lexington, Flat Rock and Webberville.
According to the U.S. Bureau of Labor Statistics, Michigan’s manufacturing industry accounts for nearly 600,000 jobs and about $100 billion of total annual output. Earlier this year, Governor Gretchen Whitmer launched Make it in Michigan, a comprehensive economic strategy to boost education, innovation and economic development that supports key sectors like advanced manufacturing and clean tech. In November 2022, Governor Whitmer joined the Michigan Economic Development Corporation (MEDC) and announced that Mara Technologies USA, was one of three businesses that the state has approved to support through the Michigan Strategic Fund for business expansions.
Phil DiGennaro and Adam Baxter of Chicago’s STREAM Capital Partners represented MARA Technologies USA in the transaction.
