Ascent Industries (ACNT) announced that its sale-leaseback partner, Store Master Funding XII, has entered into an agreement to assign the lease for the company’s former tubular facility in Munhall, Pennsylvania to a new tenant. The assignment removes approximately $2.1M in annualized facility-related costs including rent, taxes, utilities, and insurance, previously associated with the idled site. The lease assignment will be effective November 14.
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