TradeLane Properties Acquires 254,425 SF Warehouse in Bridgeview, IL
Oak Brook, IL – TradeLane Properties has closed on the acquisition of TLP Bridgeview Logistics Center, a 254,425 square foot industrial building on 20+ acres located at 7557-7575 S. 78th Avenue, Bridgeview, Illinois.
The single or multi-tenant facility includes a Class 6B real estate tax incentive and features secured trailer storage, outside storage capacity, interior/exterior rail Indiana Harbor Belt RR service, 20’ clear height, 37 dock doors, 1 drive in door, 78+ trailer positions and 1600 amp/480 volt power capable of supporting manufacturing uses.
Located two miles from the I-294 interchange amongst the deep labor pool of South Cook County, this fully functional, heavy industrial zoned last-mile distribution center will be repositioned to utilize excess land for a warehouse expansion, additional trailer and/or auto parking, and additional rail car capacity.
TradeLane Properties would like to thank Steve Connolly, Larry Much and Drew Bulson of NAI Hiffman, Greenberg Traurig, LLP, CIBC Bank USA and Fidelity National Title 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.