Office O Indiana

MAG Capital Partners buys 51,000-square-foot office building in Indiana

MAG Capital Partners acquires 51,000-square-foot office building,ph01

Fort Worth, Texas-based MAG Capital Partners, LLC has acquired 3900 E. White Ave., with more than 82 acres of land, in Clinton, Indiana, through a sale-leaseback transaction.

The property serves as the worldwide headquarters of White Construction, Inc., a wholly-owned company of Infrastructure and Energy Alternatives, LLC. The campus comprises a Class-A, a three-story, 51,000-square-foot office building that was built for the tenant in 2009 and received the U.S. Green Building Council’s LEED Silver certification, as well as several industrial buildings totaling about 55,000 square feet.

White Construction provides a range of traditional, design-build and engineering, procurement and construction services in a variety of markets, including fossil and renewable energy power, petrochemical, pharmaceutical, as well as state and federal infrastructure.

MAG Capital Partners was represented by Jim Tuesley and Mary Garnett of Barnes & Thornburg LLP. Tim Mattingly of American Mortgage & Realty Corp. arranged the acquisition financing with First Farmers Bank & Trust in Kokomo, Indiana.

The seller was represented by Matt Deahl of Imperium Realty & Investments, LLC, and Alex Cantu and Alex Davenport of Colliers International of Indianapolis.