Mohr Capital, a Dallas-based privately held real estate investment firm, has sold a 200,000-square-foot warehouse and outdoor storage facility occupied by GAF Materials Corporation (GAF) located at 130 Tri Quad Drive in Michigan City, Indiana.
Mohr Capital’s sale of the multi-use site, which includes 23 acres of concrete storage capacity, arose from an unsolicited offer by Four Springs Capital Trust, an internally managed real estate investment trust based in Lake Como, New Jersey.
Mohr Capital executed ground-up development on the 45-acre site in nine months, delivering the completed facility in November 2020 to GAF, a subsidiary of Standard Industries. The mission-critical facility serves as a distribution network for roofing products.
Horn represented Mohr Capital in the transaction, and William Dioguardi represented Four Springs Capital Trust.