MAG Capital purchases industrial facility in Rock Falls, Illinois May 10, 2021
Fort Worth, Texas-based MAG Capital Partners, LLC, led by principals Dax T.S. Mitchell and Andrew Gi, acquired a 645,000-square-foot industrial facility at 41 U.S. Route 30 in Rock Falls, Illinois, situated on 124 acres. The property, known as the I-88 Distribution Center, has operated under a long-term NNN lease with Cimco Recycling, LLC, since 2018.
Cimco is a family-owned business and one of the largest processor-brokers of scrap metal in the Midwest. The recycler, which buys a variety of scrap materials, including metals, paper, plastic and electronic waste, operates facilities across Illinois and a site in Milwaukee.