Oakbrook Terrace, IL – TradeLane Properties, a privately held industrial real estate company, is pleased to announce the acquisition of a 584,301 square foot value-add industrial asset located in Montgomery, IL.

2001 Baseline Road is a Class B cross-docked manufacturing and distribution facility situated on 45 acres. Originally constructed in 1974/1982, the property features a 30’ clear height, 55 exterior dock-high doors, 8 drive-in doors and 29,982 square feet of office space. The building is supported by 306 auto parking stalls and 107 trailer stalls, both of which offer expansion potential, along with a 7,600-amp, 277/480V electrical service. The facility is further enhanced by an ESFR sprinkler system, LED lighting, and a 140’–230’ truck court, providing strong functionality for a wide range of industrial users.  The facility was acquired 49% leased with 295,620 SF immediately available and has been listed with Michael Magliano with Cushman & Wakefield.

Located approximately five miles from I-88, the property offers direct connectivity to I-355, I-55, and I-80, and is approximately 45 miles west of downtown Chicago. This prime location within the I-88 West submarket provides excellent regional access and distribution capabilities.

Acquired within the TradeLane Properties U.S. Industrial Fund III, L.P., an investment fund focused on key Central U.S. logistics markets, this investment underlines TradeLane’s continued focus on acquiring well-located, highly functional industrial assets with value-add potential.

TradeLane Properties would like to thank Mike Tenteris with Cushman & Wakefield for his assistance in closing 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, Dallas-Fort Worth, Houston and San Antonio. For more information, visit www.tradelaneproperties.com.