MAG Capital Partners raises capital for industrial fund
Fundraising - APRIL 21, 2023

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MAG Capital Partners raises capital for industrial fund

by Larry Gray

MAG Capital Partners has raised approximately $13 million to date for its MAGCP Industrial Fund II REIT. The Dallas-based investment firm is seeking to raise $60 million.

MAG Capital Partners specializes in industrial sale leaseback transactions. The firm also pursues development opportunities and repositions income-producing commercial real estate assets throughout the United States. The firm was founded in 2015 by principals Dax T. S. Mitchell and Andrew Gi.

Several of the firm’s recent acquisitions include an industrial property in Elkhart, Ind., and an industrial facility in Carrollton, Texas. The Elkhart property, located at 1511 West Lusher Avenue, totals 105,548 square feet on approximately 5.43 acres. The transaction was a sale leaseback with Colbert Packaging Corp., a high-volume producer of sustainable paper-based packaging, serving the pharmaceutical, healthcare and consumer-goods industries. The property in Carrollton is a 75,469-square-foot industrial

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