TradeLane Properties Acquires 404,000 SF Distribution Center in Bolingbrook, IL
Oak Brook, IL – TradeLane Properties, a privately held Industrial Real Estate company, announces the acquisition of 555 Saint James Gate, a 404,000 square foot distribution center in Bolingbrook, 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 was 100% occupied at closing with a single tenant.
This highly functional building, located immediately adjacent to I-55 at Route 53, provides superior access to the entire Chicago metro. In addition, the facility offers 80+ trailer positions, 40 dock positions, 32’-38’ clear height, 10,000 amps of power, ESFR fire suppression, and 134 auto parking spaces.
The acquisition of 555 Saint James Gate 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 Pritzker Realty Group, LLC, Wintrust 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.