New Mountain Capital has acquired a Denton, Texas-based facility from Mohr Capital. No financial terms were disclosed. The facility is currently occupied by The ESAB Group, a subsidiary of Colfax Corp.
DENTON, Texas, Nov. 3, 2017 /PRNewswire/ — INDUSTRIAL SALE – Mohr Capital, a privately held real estate investment firm headquartered in Dallas, Texas, has closed on the sale of a 422,819 square foot facility on 30 acres in Denton, Texas to New Mountain Capital, a New York private equity firm. The facility is fully occupied by The ESAB Group, which is a subsidiary of Colfax Corporation, and houses over 500 employees that were consolidated from numerous other locations. “The ESAB project was a true collaboration between developer, tenant, general contractor, the City of Denton and the various vendors working on the project. Retrofitting and expanding an operational asset with a large headcount is never easy, but ESAB’s team made it all happen,” says Gary Horn with Mohr Capital.
Adam Herrin with HFF Dallas represented Mohr Capital in the transaction. “Adam and his team did a fantastic job presenting this asset to the market and securing a buyer,” Horn says.
“Coming on the heels of a sale of our 430,188 square foot spec development in Grand Prairie to a GM supplier, Mohr Capital is actively looking for 1031 prospects and new investments,” Horn says.
ABOUT MOHR CAPITAL – Mohr Capital is privately held real estate investment company focused on office and industrial facilities. Mohr specializes in acquiring or developing single tenant net leased assets ranging from $5-$50 million throughout the US. Mohr’s primary targets are value-add or opportunistic investments. Please visit our website at mohrcap.com.