Mohr Partners Inc. Brokered a $16.5M Property Sale in Ontario, Canada on behalf of Accuride Corporation
May 10th, 2021 | Press Releases
Dallas, TX, May 10, 2021 – Mohr Partners, Inc. announced that the firm has represented Accuride Canada, Inc., a wholly owned subsidiary of Accuride Corporation (“Accuride”) in the sale and leaseback of a 480,000 square-foot highly-automated manufacturing facility situated on approximately 65 acres in London, Ontario, Canada.
Mohr Partners’ Eric Beichler, Matt Burton and Bob Mohr represented Accuride Corporation in the transaction. In 2018, Accuride asked the Mohr Partners team to evaluate their existing owned facilities and devise a strategic plan to monetize assets. Working with Colin Ross in Mohr Partners’ Toronto office, the team sourced a buyer for the transaction.
The current real estate market presented an opportunity for Accuride to monetize this facility for reinvestment in to the business. Eric Beichler, Managing Principal, said, “we were able to navigate a large-scale disposition for Accuride at an opportune time, while working with a reliable buyer.”
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; and steel wheels for the European automotive and global agricultural, construction and industrial equipment markets. The company’s products are marketed under its brand names, which include Accuride®, Accuride Wheel End Solutions™, Gunite® and KIC®.
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.