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New York & Tri-State  + Fairfield/Westchester  + Industrial  | 

White Plains Linen HQ Trades in Sale-Leaseback

MAG Capital Partners acquired two modern industrial facilities along the Hudson River in Peekskill, NY in a sale-leaseback transaction with White Plains Linen. The headquarters and operational hub for White Plains Linen, 4-6 John Walsh Blvd. and 10 John Walsh Blvd., total 104,220 square feet.

“White Plains Linen’s origin dates back to the 1930s,” said Dax T.S. Mitchell, principal of MAG Capital Partners. “The properties are strategically proximate to its thousands of New York City and regional customers, and are a welcome addition to our expanding portfolio in the Northeast, where there is continued demand for warehouse, distribution and logistics sites.”

White Plains Linen delivers more than one million pounds of fine linens weekly to the New York metropolitan area. In 2019, it expanded its services to include national e-commerce distribution of wholesale products.

STREAM Capital Partners’ Daniel Macks, Jonathan Wolfe and Joe DiGennaro represented the seller. Financial terms are undisclosed.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition