TradeLane Properties Acquires 168,350 Square Foot Industrial Building in Chicago, IL
Oak Brook, IL – TradeLane Properties, a privately held industrial real estate company, announces the acquisition of 4130 S. Morgan Street, a 168,350 square foot industrial building situated on 8.06 acres in Chicago, IL.
Purchased within the TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, this investment will be a complete redevelopment and available for lease in March 2023.
This completed facility will offer 9 docks, 1 drive in door, 105 auto parking stalls, 36 trailer spaces, 21’ clear height and a fully secured truck court. Located in the Stockyards Industrial Park, this last mile location is minutes from I-94, I-55, the CBD and Midway Airport. This property will be marketed for lease by Packy Doyle and Alex Sutterer with NAI Hiffman.
The acquisition of 4130 S. Morgan Street is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through dedicated in-house capabilities including accounting, construction, and property management teams.
TradeLane Properties would like to thank Packy Doyle and Alex Sutterer with NAI Hiffman and Franklin Law Firm, PLLC 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 focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.