MAG Capital Partners, LLC acquired two industrial facilities totaling 205,410 square feet in a sale-leaseback with Monroe Truck Equipment, Inc., a truck and trailer equipment manufacturer, up-fitter and distributor servicing commercial and municipal users.
61381 US-12 in Litchfield, Minnesota, is a 162,170-square-foot industrial property on 48.41 acres in Meeker County, west of Minneapolis. 628 W 10 1/2 Street in Monroe, Wisconsin, is a 43,240-square-foot commercial facility on 12.51 acres in Green County, equidistant to Madison, Wisconsin, and Rockford, Illinois.
Founded in 1958 in Wisconsin, Monroe Truck Equipment specializes in snow and ice control equipment, towing and service, utility, dump and platform bodies. In 2021, it joined the Aebi Schmidt Group, a Switzerland-based global leader in infrastructure and terrain maintenance solutions, in a move that positions the company for future growth.
“We direct our investments into U.S. industrial real estate niche markets occupied by manufacturing companies such as Monroe’s highly specialized work truck sector,” said Dax T.S. Mitchell, principal of Dallas-based MAG Capital Partners. “Despite short-term capital markets outlooks and monetary tightening, we believe U.S.-based manufacturing remains a powerhouse and will become more and more dominant in the years to come.”
Daniel Macks and Jonathan Wolfe of STREAM Capital Partners represented Monroe Truck Equipment in the transaction.
