Mohr Partners Inc. closes a $15M Sale-Leaseback on an Industrial and Manufacturing Property in Nuevo Leon, Mexico on behalf of Accuride Corporation
June 7th, 2021 | Press Releases
Dallas, TX, June 7, 2020 – Mohr Partners, Inc. (“Mohr”) announces the firm represented Accuride Corporation (“Accuride”) in the sale and leaseback of a 262,000 square feet industrial and manufacturing property situated on 16.8 acres in Nuevo Leon, Mexico.
Mohr’s Eric Beichler, Matt Burton and Bob Mohr represented Accuride in the transaction along with Antonio Cano, SIOR, with Citius Capital. Chris Capolongo, with Angelo Gordon, represented the buyer in this transaction.
The Mohr team evaluated the asset, provided guidance and complete financial underwriting of the value along with positioning the offering memorandum on an “off-market” basis. The transaction was negotiated and structured over several months to achieve a successful closing on behalf of Accuride.
“We were pleased to successfully execute a meaningful transaction for both buyer and seller. This transaction was strategic for Accuride and Angelo Gordon was a perfect partner for the transaction,” Eric Beichler, Managing Principal and Shareholder, said.
Accuride is a leading supplier of wheel end systems to the global commercial vehicle industry, including steel and aluminum commercial vehicle wheels and wheel‐end components and assemblies. Accuride products are manufactured in facilities throughout North America, Europe and Asia.
About Mohr Partners, Inc. Mohr Partners, Inc. is a global corporate real estate advisor, providing corporate tenants with an integrated set of portfolio services including strategic planning, business intelligence, lease administration/accounting & FASB ASC 842 compliance, research and site selection, labor analytics, project and construction management, comprehensive demographics analysis, economic incentives negotiations and transaction management. Since 1986, Mohr has been managing real estate portfolios for corporations, and each year completes transactions for its clients in all 50 U.S. states, all provinces of Canada and locations around the world. Mohr seamlessly provides corporate real estate services globally through its strategic alliance partners in Canada, Mexico/Latin America, EMEA and Asia Pacific. For more information on Mohr, please visit www.mohrpartners.com.