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MAG Capital Partners Acquires 425K-SF Indiana Industrial Property

Summary by Connect CRE
MAG Capital Partners has acquired an approximately 425,000-square-foot industrial headquarters in New Castle, Indiana, via a sale-leaseback-structured transaction with New Castle Stainless Plate. Comprising more than a dozen buildings on nearly 128 acres, the 549 W State Road 38 facility specializes in the manufacture of stainless plate products, serving a diverse range of industries including aerospace, energy, chemical processing and heavy equ…
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Connect CRE broke the news in on Wednesday, February 4, 2026.
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