TradeLane Properties Acquires 3 Building Industrial Portfolio in Glendale Heights, IL
Oak Brook, IL –TradeLane Properties, a privately held industrial real estate company, has purchased a three building industrial portfolio totaling 190,476 square feet, in Glendale Heights, IL. Acquired within the TradeLane Properties U.S. Industrial Fund II, this fully stabilized investment was 100% occupied at closing.
TLP Windy Point consists of three adjacent 63,492 square foot highly functional light industrial buildings each with 24’ clear height, ample car parking and sufficient loading for each suite size. Located in the Central DuPage submarket, the park offers direct proximity to I-355 and major expressways.
This acquisition is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including accounting, construction, and property management teams.
TradeLane Properties would like to thank Mike Tenteris with Cushman & Wakefield 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.