TradeLane Properties Acquires 5 Building Industrial Park in Elmhurst, IL
Oak Brook, IL – TradeLane Properties, a privately held Industrial Real Estate company, has purchased a five-building industrial park, totaling 230,025 square feet, in Elmhurst, IL, 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 is 82% occupied at closing with one 41,635 square foot stand-alone building available.
TLP Greenpoint Business Park consists of both single and multi-tenant light industrial buildings that are highly functional with outdoor storage, ample car parking, and sufficient loading for each suite size. Located immediately north of the Route 83 and I-290 interchange in DuPage County, this superior infill location provides excellent access to downtown Chicago, O’Hare Airport and the western suburbs.
The acquisition of TLP Greenpoint Business Park 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 CBRE Capital Markets, CIBC 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.