Mohr Capital, a Dallas-based privately held real estate investment firm, has completed a 200,000-square-foot office and warehouse facility with 23 acres of concrete storage capacity for GAF Materials Corporation in Michigan City, Indiana.
Located at 130 Tri Quad Drive in Michigan City, GAF’s mission-critical facility will serve as a distribution network for roofing products. GAF is North America’s largest roofing and waterproofing manufacturer and a subsidiary of Standard Industries, a global company focused on building materials. The company also maintains a shingle manufacturing plant in the city.
“With this facility, GAF has expanded its presence in Michigan City and contributed to the strength of the local economy,” said Gary Horn, chief investment officer at Mohr Capital. “Moreover, the completion of this project represents another successful partnership between Mohr Capital and GAF, adding to our growing industrial development portfolio.”
Construction of the GAF facility began in January of 2020, with an expected construction schedule of 12 months. The facility was completed ahead of schedule and on budget by the end of November.
GAF Operations Director Matt Hannon and Senior Process Engineer Chris “Stump” Engibous oversaw the project. Larson Danielson was the general contractor. Bank of Texas provided financial support for the construction. Mike Maratea, real estate counsel for Standard Industries, and Gary Horn negotiated the ground lease and lease agreement.
To date in 2020, Mohr Capital has completed ten transactions in Texas, Arizona, Indiana, California and Florida valued at $200 million, with more acquisitions scheduled to close before the end of the year.