MAG Capital Partners completed the sale of more than 1.37 million square feet of long-term, net-leased industrial assets primarily acquired through its MAGCP Industrial Fund II, LP, in a six-property, ~$89 million transaction with Fundamental Income Properties, a wholly-owned subsidiary of Starwood Property Trust.
The triple-net-lease portfolio consists of six industrial manufacturing properties across the Midwest, including a 158,484-square-foot facility in Willoughby Hills, Ohio.
John Dehn and Eric Wood, senior vice presidents with MAG Capital Partners’ Phoenix office, worked on the disposition for the seller.
