Sharon, PA — MAG Capital Partners acquired two industrial facilities in Western Pennsylvania in a sale-leaseback-structured transaction with HuFriedyGroup, a global manufacturer of dental instruments, infection prevention products, instrument management systems and conscious sedation products.
The adjacent properties—534 Vine Avenue (46,106 s/f) and 142 Hickory Street (15,957 s/f) in Sharon—are situated on the Ohio-Pennsylvania border just north of the I-80 and I-376 interchange. The 5.06-acre site is a short drive to Akron, OH, to the west and Pittsburgh to the south.
In operation for over 116 years, the company has a portfolio of 10,000+ dental products used daily in dental schools and offices, including high-quality instruments, infection prevention and sterilization products, and conscious sedation consumables and equipment.
“HuFriedyGroup has exceptional dental brands built from 100-plus years of experience,” said MAG Capital Partners principal Dax T.S. Mitchell. “These domestic manufacturing facilities are a welcome addition to our Western Pennsylvania assets, which include an approximately 66-acre, 345,000 s/f portfolio of critical facilities purchased in November 2021.”
Newmark’s JC Asensio, Andrew Sandquist and Briggs Goldberg represented the seller in the transaction.
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