MAG Capital Partners, LLC, acquired a 26,545-square-foot industrial flex property at 2026 Johnson Industrial Blvd. in Nolensville, Tennessee, in a sale-leaseback transaction with gift card supplier Card Market for an undisclosed sum.
Jonathan Wolfe of STREAM Capital Partners represented the seller, Sterling Card Solutions, and MAG Capital Partners.
Built in 2008, the industrial property is situated on 2.42 acres and has 25-foot clear heights. It is located in the Nashville-Davidson-Murfreesboro-Franklin metropolitan area, about 15 miles southwest of Nashville’s central business district.
Nashville’s economy has helped to boost demand for industrial properties in the metropolitan area, with the market near historically low vacancy rates and consistently strong positive absorption.
Since 1993, Card Market has designed, printed, encoded and shipped millions of physical and virtual gift cards each week for restaurants, retailers and other businesses.
Formed in 2015 by Dax T.S. Mitchell and Andrew Gi, Fort Worth, Texas-based MAG Capital Partners invests in industrial real estate and small to medium cap operating companies throughout the continental United States.