TradeLane Properties, through its Chicago focused value-add industrial fund, TLP Fund I, has closed on an urban-infill acquisition of the 20,611 square foot warehouse facility located at 1532 W. Fulton Street in Chicago, Illinois. This is TradeLane Properties' second acquisition in the Kinzie Industrial Corridor/West Fulton Market.

This 14’ clear height industrial building includes 18 off-street parking spots, one drive in door and two interior dock positions. The building will be available for lease in July 2021. This acquisition, adjacent to the 325 North Ashland building acquired by TradeLane Properties in July 2020, forms a combined 1.97 acre site that encompasses the entire city block bounded by Ashland Avenue, Fulton Street, Carroll Avenue and Justine Street.  This site would allow for up to 242,550 square feet of multi-tenant new development to include last-mile distribution, data center and office/mixed uses.

TradeLane Properties would like to thank Tom Condon, SIOR and Sean Austin of Lee & Associates, Wintrust Commercial Bank and Greenberg Traurig LLP for their assistance in this transaction

About TradeLane Properties

TradeLane Properties is a privately held Industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping and operating industrial real estate facilities. Combining 75 years of experience, two publicly traded industrial REIT’s and decades of extensive value creation for shareholders, employees and customers, the TradeLane Properties founders have a proven track record of success. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.