NebraskaIndustrialOffice MAG Capital Partners purchases 47,000-square-foot office in Omaha July 6, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email Fort Worth, Texas-based MAG Capital Partners, LLC, has acquired a 47,184-square-foot single-tenant office and industrial property at 2020 S. 156th Circle in Omaha, Nebraska, in a sale-leaseback transaction. Led by principals Dax T.S. Mitchell and Andrew Gi, MAG Capital Partners purchased the fully-leased property, which serves as the headquarters for Scantron’s Technology Solutions department, from Los Angeles-based private equity firm Transom Capital Group. Scantron Corporation, an occupant of the building for more than a decade, was acquired by Transom in early December of 2019. Scantron is a global leader in assessment and technology solutions for the education, certification, government and commercial industries. Operating in 98 percent of American schools, the company is best known for its machine-readable paper forms on which students mark answers to multiple-choice test questions and the optical mark recognition and imaging scanners that read them. 2020 South 156th Circle is situated on 3.6 acres less than a half-mile from Omaha’s largest development site, Heartwood Preserve, a 500-acre mixed-use, urban development with open-air retail, hotel, residential, office and public space considered the “New Downtown” of West Omaha. Built in 1987, two thirds of the property is utilized as flex office with the remainder providing warehouse/manufacturing space. There are two dock doors and 20- to 24-foot clear heights in the warehouse. The acquisition is MAG Capital Partners’ first in Omaha, the most populous city in Nebraska and home to four Fortune 500 headquarters, as the company continues to expand its portfolio in a sector that is proving to be a favored investment vehicle during the coronavirus pandemic. MAG Capital Partners also owns a commercial property in Lincoln, Nebraska, which it acquired in 2018. Nick Foster, a director with JLL, represented the seller. Mary Garnett and Jim Tuesley of Barnes & Thornburg LLP represented MAG Capital Partners.