SatisPie Facility in Rochester, New York.
NEW YORK CITY- Mag Capital Partners has acquired a pie manufacturing facility in Rochester, New York. The transaction includes a 20-year leaseback of the 42,700-square-foot facility located at 155 Balta Dr. to current tenant SatisPie.
MAGCP had in-house representation in the transaction, and the seller was represented on behalf of Marcus & Millichap and a third party. The proceeds from the sale will act as excess capital for tenant SatisPie's expansion during the coronavirus pandemic, where some businesses have shuttered altogether.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
