Real estate website REJournal shared earlier this week that Fort Worth, Texas-based MAG Capital Partners, LLC, has purchased the former Nanogate North America manufacturing complex located at 150 E. Longview Ave. in Mansfield.
The purchase involved a sale/leaseback transaction, allowing the company, recently purchased by Techniplas, to maintain operations there. The complex produces design-oriented, multifunctional components for many industries, including mobility, aviation, home appliances, and medical, according to the REJournal story.
In describing Richland County, the article stated, “Richland County has been a center of industrial production and technical innovation for more than a century. It is home to one of America’s most productive electric furnace steel mills, as well as metal fabrication and plastic component production that supplies U.S. and foreign automakers.”
MAG Capital Partners, LLC is a commercial real estate firm with a concentration on industrial sale leaseback investment and development, particularly in the $5 million to $100 million range.