Apricus Realty Capital Expands Industrial Outdoor Storage Portfolio with Sale-Leaseback

HOUSTON (March 12, 2025) – Dallas-based Apricus Realty Capital, a leading real estate investment firm specializing in industrial outdoor storage assets (IOS), acquired a premier IOS property in a sale-leaseback transaction with Box Gang Manufacturing, a leading producer of specialized container solutions.

 The property, located in Houston, serves as a critical operational facility for Box Gang Manufacturing. The sale-leaseback structure enables the company to unlock capital while maintaining long-term operational continuity at the site.

 Apricus acquired the property in a programmatic joint venture with ABR Capital. Apricus Managing Principal Matt Haley, Vice Presidents Garrett Marler and Cort Martin led the acquisition for the joint venture. Mohr Partners’ Nathan Mai and Carlton Anderson represented the joint venture in the transaction. CW Sheehan, Peyton Ackerman and Nate Henderson of JLL represented the joint venture in the procurement of debt financing.

 “This acquisition underscores our commitment to strategic investments in high-quality industrial assets that support mission-critical logistics and manufacturing functions,” Haley said Matt Haley. “This well-located IOS asset is a valuable addition to our growing portfolio and aligns with our strategy of acquiring essential industrial properties in strong markets while providing businesses with the flexibility they need to optimize their operations.”

 The 11-acre property features rail service and more than 100,000 square feet spread across multiple buildings,” said Marler. “The site is strategically positioned between major thoroughfares offering seamless access to three key modes of transportation, making it an ideal hub to support Box Gang Manufacturing’s continued growth.”

 The investment further enhances Apricus Realty Capital’s presence in the industrial sector, which continues to see strong demand from users and investors alike, Marler added.

“This is our second consecutive sale-leaseback which continues to play a large role in our aggregation strategy,” said Martin. “Our investment criteria remains focused on acquiring properties in major Texas markets including such as the Port of Houston, Laredo and Corpus Christi, as well as outside of Texas in Denver and Kansas City. We are targeting 3-to-15-acre sites with less than 20% coverage, and we will consider a wide range of tenant uses, excluding truck terminals.”

Box Gang Manufacturing, known for its innovative solutions in the container manufacturing industry, will continue to operate from the facility under a long-term lease agreement, ensuring uninterrupted business operations. 

“We are pleased to partner with Apricus Realty Capital in this transaction,” said Rafael Marrero at Box Gang Manufacturing. “This sale-leaseback allows us to reinvest in our business while securing a stable, long-term real estate solution.”

Apricus Realty Capital remains focused on identifying and acquiring high-quality industrial outdoor storage assets that provide strong cash flow and long-term value.