Portland, ME MAG Capital Partners, LLC acquired a 60,000 s/f lobster processing facility in coastal southern Maine, in a private, off-market sale leaseback transaction.

The Safe Quality Foods (SQF)-registered site expands MAG Capital Partners’ national footprint in the cold storage sector where it continues to seek out single-tenant, triple-net-lease, climate-controlled assets from owners/operators.

Formed in 2015 by Dax Mitchell and Andrew Gi, the Dallas-based firm invests in industrial real estate and small to medium cap operating companies throughout the continental U.S.