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MAG Capital Partners Completes Industrial Sale-Leaseback
MAG Capital Partners acquired two industrial facilities in Western Pennsylvania in a sale-leaseback-structured transaction with HuFriedyGroup, a global manufacturer of dental instruments, instrument management systems and conscious sedation products. Newmark’s JC Asensio, Andrew Sandquist and Briggs Goldberg represented the seller in the transaction.
The adjacent properties—a 46,106-square-foot building at 534 Vine Avenue and a 15,957-square-foot building at 142 Hickory Street—in Sharon are situated on the Ohio-Pennsylvania border just north of the I-80 and I-376 interchange. The 5.06-acre site is a short drive to Akron, Ohio, to the west and Pittsburgh to the south.
“HuFriedyGroup has exceptional dental brands built from 100-plus years of experience,” said MAG Capital Partners Principal Dax T.S. Mitchell. “These domestic manufacturing facilities are a welcome addition to our Western Pennsylvania assets, which include an approximately 66-acre, 345,000-square-foot portfolio of critical facilities purchased in November 2021.”
