TradeLane Properties Acquires Industrial Building in Bedford Park, IL
Oak Brook, IL –TradeLane Properties, a privately held industrial real estate company, announces the acquisition of 6969 W. 73rd Street, a 99,200 square foot light industrial building situated on 4.8 acres in Bedford Park, 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 under a long term sale-leaseback.
This single tenant facility offers six docks, four drive-in doors, 80 auto parking stalls, 22’ clear height and is located within 1-mile of the CSX Bedford Park Intermodal Terminal, adjacent to both FedEx Ground and UPS.
The acquisition of 6969 W. 73rd Street 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 Walter Murphy with Lee & Associates, Wintrust Bank, 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.