MAG Capital Partners acquired two modern industrial facilities along the Hudson River in Peekskill, NY in a sale-leaseback transaction with White Plains Linen. The headquarters and operational hub for White Plains Linen, 4-6 John Walsh Blvd. and 10 John Walsh Blvd., total 104,220 square feet.
“White Plains Linen’s origin dates back to the 1930s,” said Dax T.S. Mitchell, principal of MAG Capital Partners. “The properties are strategically proximate to its thousands of New York City and regional customers, and are a welcome addition to our expanding portfolio in the Northeast, where there is continued demand for warehouse, distribution and logistics sites.”
White Plains Linen delivers more than one million pounds of fine linens weekly to the New York metropolitan area. In 2019, it expanded its services to include national e-commerce distribution of wholesale products.
STREAM Capital Partners’ Daniel Macks, Jonathan Wolfe and Joe DiGennaro represented the seller. Financial terms are undisclosed.
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