A Dallas-based, privately held real estate investment firm, Mohr Capital, has sold a retail property in Scottsdale, AZ, one of the most affluent suburbs within the Phoenix area. The location’s tenant, Wendy’s, is a publicly traded restaurant operator with approximately 7,000 locations across the United States. The Scottsdale location is a corporate-guaranteed and large franchisee operated restaurant.
“We are proud to have successfully executed our investment strategy and completed the transaction with a sophisticated 1031 buyer,” said Rob Solls, Director of Retail Investments & Acquisitions for Mohr Capital. “This location is a prime example of how Mohr Capital continues to target best-in-class fundamental real estate where we believe there is an opportunity to extract value.”
Rob Solls handled the transaction on behalf of Mohr Capital.
Mohr Capital, a Dallas-based privately held real estate investment firm, has sold a 400,000-square-foot industrial warehouse facility located in Grand Prairie, Texas, to TA Realty, a Boston-based real estate investment group. The sale is Mohr Capital’s seventh transaction in 2020 and comes after more than 13 years of ownership of the property.
Gary Horn, Chief Investment Officer of Mohr Capital, states, “The building is situated in a great location on I-20 in Grand Prairie with thousands of cars driving by daily. We are confident the property will be an asset to TA Realty.”
TA represented themselves in the transaction and Jonathan Bryan with CBRE represented the seller.
With 2020 throwing curve balls left and right, the commercial real estate industry has seen its own set of challenges, yet Mohr Capital has remained resilient. Our most recent project is Mohr Logistics Park. At 500 acres, it’s the largest industrial park in the Indianapolis area built in the last decade. In late August, Mohr Capital held a groundbreaking ceremony to celebrate the start of construction and its inaugural tenant, a new Cooper Tires facility scheduled to be complete in the first quarter of 2021.
Our team is thrilled to be working in Whiteland, Indiana, and contributing to the area’s growing economy. The project adds to Mohr Capital’s Midwest portfolio that previously included an 800,000-square-foot industrial space in Franklin, Indiana, and currently a 300,000-square-foot on a build-to-suit property in Michigan City that is in the final stages of construction.
No matter how you envision your next office or industrial facility, Mohr Capital is committed to delivering custom projects on time, within budget and tailored to your specific needs regardless of scope or location. With our own in-house capital, debt relationships and development processes in place to better serve our clients, we work quickly to complete projects—including build-to-suit, build-to-own, design-build construction, speculative development and fee development.
The net result: We streamline the development process and skillfully manage every aspect of a commercial property, including:
“Though a lot of companies preach about a collaborative and transparent approach, it is rare to see it truly implemented to the degree Mohr does. It is refreshing to find a partner that understands you can build great relationships and projects through treating everyone fairly and professionally. For this, I thank you!”
Schwob Building Company
For more on our development services, view our brochure.
If you’d like to learn more about Mohr Capital and how we can assist with your various development needs, please contact Gary Horn.
Mohr Capital, a Dallas-based privately held real estate investment firm, has sold the first prototype facility for HERC Rentals in Fort Worth, Texas. HERC Rentals is a leading equipment rental supplier with approximately 275 locations in North America. The sale was made to the Fisch Grandchildren Trust.
“Working closely with HERC’s senior management team, Mohr Capital developed the prototype facility leased to HERC Rentals on a 15-year lease and delivered the project on time and on budget. Given the project’s success, HERC held their annual board meeting on-site to display the new prototype,” said Gary Horn, chief investment officer for Mohr Capital. “This sale enabled us to benefit from the superior industrial market conditions while providing the buyer with a high-quality credit tenant and revenue stream going forward, making the transaction beneficial for all parties involved.”
Horn represented Mohr Capital throughout the transaction in partnership with Zach Johnson and Brad Pepin of The Stan Johnson Company.
Mohr Capital, a Dallas-based privately held real estate investment firm, has broken ground on a one million square-foot warehouse and distribution facility for Cooper Tire in Whiteland, Indiana, situated in the metro-Indianapolis area. Cooper Tire, a leading global competitor in the tire industry, is the fifth largest tire manufacturer in North America with a primary focus in passenger car and light vehicle replacement tires.
The development comes with the move of Cooper Tire's 807,042-square-foot Franklin, Indiana, location. Gary Horn, chief investment officer for Mohr Capital, stated “Cooper’s facility in Franklin was undersized and needed additional trailer parking, which prompted the relocation to a bigger space.”
Horn and the Mohr Capital team worked closely with Mark Writt, Senior Vice President of CBRE, on the land acquisition and Whiteland Town officials to address any potential concerns the large development might present. Pepper Construction, Curran Architects and American StructurePoint will be constructing the building. “We have assembled a top-tier team for this development and their counsel was invaluable in the pre-development of this site,” says Horn.
The development is scheduled to be complete in the first quarter of 2021.
Mohr Capital, a Dallas-based, privately held real estate investment firm, has announced the promotion of two of its executives. Susan Cheng has been promoted to executive vice president and chief operating officer while Rodrigo Godoi is now managing director of investments.
Cheng oversees business operations, manages the accounting and finance functions, and works closely with the company’s investment team. In addition to being a certified public accountant (CPA), she has extensive experience in the real estate and financial sectors with positions at Ernst & Young and other notable firms prior to joining Mohr Capital.
Godoi began working with Mohr Capital in 2015 and manages acquisitions for office and industrial properties. Since obtaining a master’s degree from Cornell University, he has held various positions and has been able to perfect the ins and outs of the acquisitions process.
“I am pleased to have both Rodrigo and Susan representing Mohr Capital and contributing to our many successes,” said Bob Mohr, founder and chairman of Mohr Capital. “Both Susan and Rodrigo demonstrate the hard work and skill needed to succeed in this business, and I’m honored to have them as part of the Mohr Capital team.”
Mohr Capital, a Dallas-based, privately held real estate investment firm, has expanded its acquisition efforts in the Houston metro area by acquiring a property for retail redevelopment in The Woodlands.
The redevelopment plan includes razing the 7 Leguas Restaurant building and developing a freestanding structure consisting of a Chipotle Mexican Grill restaurant and a Regions Bank branch office. Chipotle is a publicly traded restaurant operator with approximately 2,700 locations throughout the United States. Regions Bank, headquartered in Birmingham, Alabama, has approximately $2 billion of assets, including more than 3,000 retail branches and standalone ATMs. Both concepts are corporately guaranteed and operated.
“We are pleased to be working with top tier concepts and helping to facilitate their expansion,” said Rob Solls, Director of Retail Investments & Acquisitions for Mohr Capital. “This is a prime example of how Mohr Capital is continuing to target best-in-class fundamental real estate, where we believe there is an opportunity to extract value.”
Solls handled the transaction for Mohr Capital.
Mohr Capital, a Dallas-based, privately held real estate investment firm, has acquired 4851 LBJ, a 12-story 200,000 square-foot office building in Dallas for $34.5 million. The property is 90 percent leased to date.
Mohr Capital’s latest Lone Star acquisition came less than three months after acquiring a 405,000-square-foot industrial complex in Austin, Texas, called MetCenter.
“We felt the time was right to add to our portfolio,” said Rodrigo Godoi, Director of Acquisitions for Mohr Capital. “The intersection of LBJ and the Dallas North Tollway is a phenomenal location in Dallas, allowing tenants quick access to the entire metropolitan area. This is a great property that contributes to the diversification of our holdings of high-quality assets nationwide while at the same time allowing us to take advantage of the existing arbitrage opportunity that exists in this submarket as it relates to rental rates.”
Mohr Capital plans to invest an additional $2 million for property upgrades.
Godoi and Kyle Campbell represented Mohr Capital throughout the transaction. The sales execution team at Newmark Knight Frank, Gary Carr, John Alvarado and Robert Hill handled the sale on behalf of CBRE and the seller.
Mohr Capital, a Dallas-based privately held real estate investment firm, has broken ground on a 200,000-square-foot office and warehouse facility with 23 acres of concrete storage capacity for GAF Materials Corporation, a subsidiary of Standard Industries, in Michigan City, Indiana. The site is expected to be completed in December 2020 by contracted crews from Larson-Danielson Construction in nearby La Porte, Indiana.
“Having recently completed a similar project for GAF in Ennis, Texas, we’re able to apply those insights to this Michigan City project,” said Gary Horn, Chief Investment Officer at Mohr Capital. “We worked closely with John Maintner, Chief Financial Officer at GAF, to get this project off the ground and look forward to continuing to work with him and the GAF team on this and future projects.”
The Michigan City project is being overseen by Matt Hannon, GAF Operations Director, and Chris “Stump” Engibous, GAF Senior Process Engineer. Bank of Texas provided financial support for the project.
Horn and Mike Maratea, Real Estate Counsel for Standard Industries, negotiated the ground lease and lease agreement ahead of the project breaking ground. “Mike was a pleasure to work with, and we appreciate his efforts in finalizing this deal,” said Horn.
We’ve covered retail and development, but one area of expertise we have yet to talk about in detail is acquisitions. Learn more about our approach and how it differentiates Mohr Capital from other commercial real estate firms as well as special insights into the acquisition of MetCenter – our largest acquisition to date.
In the past, sometimes the only way to land a deal would be through luck or personal relationships, especially with local brokers or contacts. Times have changed, and commercial real estate isn’t a regional game anymore. The process of acquiring a property has become increasingly competitive due to advancements in technology, communications tools and readily available resources in recent years, and the Mohr Capital team knows how to stay a step ahead of the competition. Speed, efficiency and trust are three key aspects of any successful acquisition. Our single source of capital and family office structure allows us to be transparent and move as soon as a deal is sourced.
Moving quickly while utilizing expertise and single sourced capital have proven successful for our firm, and these tactics land us impressive acquisitions such as MetCenter – a Class A 404,800-square-foot office and industrial portfolio in the southeastern section of Austin, Texas, acquired from Zydeco Development. Closing a deal this size was a big win for Mohr Capital and we’re excited to have such a diverse tenant roster at the MetCenter property.
With above-market parking ratios, easy access to highways and the property’s proximity to Austin-Bergstrom International Airport, the location is ideal for its esteemed tenants including Amazon.com, Inc., Uber Advanced Technologies Group and others in the technology, healthcare and government space. Seeing as Austin is ranked first in 2020 commercial real estate prospects, and the property falling under the office and industrial sectors, the deal came at the right time and was right in our wheelhouse. We were able to add significant value due to the property’s current market rate and our knowledge of Austin’s commercial real estate market trends.
Rodrigo Godoi oversees the entire lifecycle of an investment and takes a hands-on approach from the concept phase of a project through its completion. In his role as managing director of investments, Rodrigo has actively built Mohr Capital’s investment portfolio by managing nationwide acquisitions and dispositions of office and industrial assets. While some days consist of prospecting and others are spent underwriting and analyzing, each day holds a new challenge. He takes pride in his ability to find deals that hold high market returns.
Rodrigo and the rest of the Mohr Capital team are looking forward to cultivating new, mutually beneficial and collaborative partnerships nationwide, as we constantly seek new acquisitions. If you are interested in learning more about Mohr Capital’s acquisition services, please contact Rodrigo at Rodrigo@MohrCap.com.