TradeLane Properties Acquires 389,156 SF, in-fill Facility for Repositioning in Broadview, IL
TradeLane Properties has closed on the acquisition of TradeLane Broadview Business Center, a 389,156 square foot industrial and office complex on 18 acres located at 2600 S. 25th Avenue in Broadview, Illinois.
The property, originally developed by General Motors, is now a multi-tenant warehouse featuring 20 exterior dock doors, 19 interior dock doors, 4 drive indoors, 100+ trailer positions, outside storage and a two-story adjacent office building totaling 36,119 square feet.
Located one mile from the I-290 interchange amongst the deep labor pool of West Cook County, this fully functional, heavy industrial zoned last-mile distribution center will be repositioned to include additional car and trailer parking capacity, parking lot reconstruction, installation of new signage, landscaping improvements and tenant entrance/common area upgrades.
TradeLane Properties would like to thank Mark Nelson, Mike Nelson and Emily Rasan of NelsonHill, 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.