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MAG Capital Partners Buys 38,300 SF Cold-Storage Facility in Phoenix in Sale-Leaseback Deal

2721-W-Willetta_Phoenix

Lin’s Distribution Corp., Red Bird Farms Distribution Co. and Bon Suisse are tenants at the 38,300-square-foot, cold-storage facility at 2721 W. Willetta St. in Phoenix.

PHOENIX — Fort Worth, Texas-based MAG Capital Partners has acquired a cold-storage warehouse property located at 2721 W. Willetta St. in Phoenix. Lin’s Distribution Corp. sold the property for an undisclosed price in an off-market, sale-leaseback transaction.

Built in 1980 on 1.7 acres, the 38,300-square-foot facility features five truck wells and two industrial GL doors. The multi-tenant property is fully occupied by Lin’s Distribution Corp., Red Bird Farms Distribution Co. and Bon Suisse.

Concurrent with the sale, Lin’s signed a long-term leaseback deal to continue to occupy the property.

Mary Garnett and Jim Tuesley of Barnes & Thornburg LLP represented the buyer, while Oscar Lopez and Steve Lowe of Matthews Real Estate represented the seller in the transaction.

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