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Miller represents seller in sale-lease back in McKinney

Miller represents seller in sale-lease back in McKinney

MCKINNEY, TX – – Henry S. Miller Brokerage’s Jerry Averyt, Senior Vice President of the Dallas-Fort Worth Office/Industrial Division, recently represented Magnetic Technology, Inc. in the sale-lease back of their property in McKinney, Texas. The ±27,000 square foot building sitting on ±2.5 acres was bought by Building Equity 1, LLC and leased back to the seller, Magnetic Technology, Inc., an electronics and manufacturing company.  Magnetic Technology, Inc. has been in business for over 20 years, specializing in aerospace, military and medical, power communications, instrumentation, and control products. Located at 1627 Bray Central, this property houses Magnetic Technology, Inc.’s headquarters.  Jack Moravcik from Swearingen Realty Group, LLC represented Building Equity 1, LLC in the transaction.