Mohr Partners. Inc. closes $38.5M sale-leaseback on three Industrial and Manufacturing properties on behalf of Accuride Corporation
July 20th, 2020 | Press Releases
Evansville, IN, July 20, 2020 – Mohr Partners, Inc. announced today that they had closed on the $38.5 million sale-leaseback package of three (3) industrial properties on behalf of Accuride Corporation ( “Accuride”) critical to the ongoing manufacturing, assembly and delivery of Accuride wheels. The properties are located in Henderson, KY, Erie, PA, and Springfield, OH.
Mohr marketed the properties as a package on behalf of the seller, Accuride. Accuride globally manufactures wheels, wheel end, and braking components for commercial and passenger vehicles.
Angelo Gordon’s Net Lease group purchased the assets and mortgage financing was provided by Citigroup. The Mohr Partners team was led by Eric Beichler, Managing Principal /Shareholder along with Managing Director, Matt Burton and Bob Mohr. Eric worked closely with the buyer’s lead, Managing Director and Head of Acquisitions, Chris Capolongo of Angelo Gordon.
“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 said.