MAG Capital Partners, LLC, has completed the sale leaseback acquisition of a three-property industrial portfolio with Royal Arc Welding, a leading industrial services company headquartered in Flat Rock, Michigan.
Rob Gemerchak of NorthMarq represented Royal Arc in the sale of its corporate and manufacturing facilities at 23851 Vreeland Road and 23891 Vreeland Road in Flat Rock, and 640 County Road in Ashley, Indiana.
23851 Vreeland Road is a 20,220-square-foot corporate headquarters and manufacturing facility. The adjacent 23891 Vreeland Road is a 6,240-square-foot industrial property. Situated on 3.76 acres neighboring the Ford Motor Co.’s three million-square-foot assembly plant, the properties are located 30 minutes southwest of Detroit and 12 miles from Detroit Metropolitan Airport, the busiest airport in Michigan.
640 County Road in Ashley is an 8,580-square-foot manufacturing facility on 1.87 acres just off I-69 and 40 minutes from Fort Wayne, Indiana.
Founded in 1983, Royal Arc Welding provides services ranging from OSHA compliant training, overhead crane and monorail systems to hoist repairs, custom fabrication and rigging equipment. The company services a range of industries that include automotive, steel processing, foundry, plant industry and steel stamping.
