Dax Mitchell Of MAG Capital Partners Acquires 240,000 SF Industrial Facility In Chicago Heights

The property asset involved in the transaction is located at 1001 State Street in Chicago Heights, Illinois. It is an industrial facility with a total area of 240,000 square feet, situated on a 15.78-acre lot and includes rail access.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Dax Mitchell
• Buyer Company: MAG Capital Partners
• Broker: Mark Masino
• Broker Agency: Surmount
• Seller: Undisclosed local family office
• Financing arranged by: Resolute Structured Capital

This transaction highlights the involvement of Dax Mitchell, representing MAG Capital Partners, as the buyer of the facility that serves as the headquarters and manufacturing plant for Applied Acoustics International, a Tier 1 automotive supplier. The transaction was facilitated by Mark Masino from Surmount, representing the seller in the deal.