Mohr Partners, Inc. closes $38.5M sale-leaseback on three Industrial and Manufacturing properties on behalf of Accuride Corporation

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Jul 21, 2020, 11:21 ET

EVANSVILLE, Ind., July 21, 2020 /PRNewswire/ -- 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.

About Mohr Partners

Mohr Partners, Inc. is a global corporate real estate firm, providing corporate tenants and occupiers with portfolio services including strategic planning, portfolio management and lease administration, research and site selection, incentive practice, project and construction management, and comprehensive demographics analysis. Since 1986, Mohr Partners has been managing real estate portfolios for organizations. The company has offices across North America and seamlessly provides corporate real estate services globally through its strategic alliance partners. For more information on Mohr Partners, please visit www.mohrpartners.com.

For more information on Mohr Partners and their services, please visit the firm's U.S. Web page: http://www.mohrpartners.com/about-us/

About Accuride Corporation

Accuride Corporation is a leading manufacturer and supplier of wheels and wheel-end components to the global commercial vehicle industry. The company's products include 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®. They support their product portfolio with strong sales, marketing, and design engineering capabilities. Their products are manufactured in facilities throughout North America, Europe and Asia. For more information, visit www.accuridecorp.com

About Angelo Gordon

Angelo Gordon has been matching money with opportunity since 1988. They are a leading, privately held alternative investment firm, managing approximately $35 billion across a broad range of credit and real estate strategies. For over 30 years, they have been investing on behalf of pension funds, corporations, endowments, foundations, sovereign wealth funds and individuals. Over their entire history, Angelo Gordon's investment approach has consistently relied on disciplined portfolio construction backed by rigorous research and a strong focus on capital preservation. They now have over 500 employees in offices across the U.S., Europe and Asia. To learn more, visit: www.angelogordon.com

SOURCE Mohr Partners, Inc.