News: Northern New England
Posted: August 2, 2024
MAG Capital Partners buys KBS Builders’ 84,800 s/f manufacturing headquarters
South Paris, ME MAG Capital Partners purchased an 18.65-acre industrial property in a sale leaseback transaction with KBS Builders, Inc., a wholly-owned subsidiary of Star Equity Holdings.
Located at 300 Park St., the 84,800 s/f facility serves as KBS Builders’ headquarters and is utilized for sales, design, engineering, purchasing, and manufacturing of custom residential and commercial modular buildings. Built in 2004, the building features 40 ft. clear height and nine dock doors.
“We have been following and studying the modular industry for quite some time and are pleased to work with KBS as a long-term tenant,” said MAG Capital Partners principal Dax T.S. Mitchell.
Jeff Lizzo and Krupa Shah of STREAM Capital Partners represented the seller.
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Northern New England
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