Mohr Capital acquires three industrial buildings in sale-leaseback transaction
Mohr Capital has acquired three mission-critical facilities from Crothall Laundry Services, an H.I.G. Capital company and a provider of medical laundry services to the hospital industry. The transaction includes facilities in Phoenix; Winston Salem, N.C.; and Birmingham, Ala.
"These facilities are strong additions to our portfolio, and we're happy to partner with Crothall in this mutually beneficial long-term lease agreement,” said Bob Mohr, CEO at Mohr Capital.
Mohr Capital and Crothall Laundry worked together to execute this transaction.
"We have worked closely with Crothall Laundry on this off-market transaction to achieve a great solution for their long-term occupancy of these facilities," said Rodrigo Godoi, managing director of investments at Mohr Capital. "We have a great relationship with Crothall that started years ago as their landlord on a different facility in Northern California and look forward to continuing our partnership with them."