TradeLane Properties Acquires Industrial Building in Bloomingdale, IL
Oak Brook, IL – TradeLane Properties, a privately held industrial real estate company, announces the acquisition of 476 Brighton Drive, a 80,000 square foot light industrial building situated on 4.9 acres in Bloomingdale, 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 high quality single tenant facility offers five interior docks, two grade level doors, 127 auto parking stalls, 24’ clear height and is located between I-355 and Route 59 at Army Trail Road, providing access to the broader western suburbs of Chicago.
The acquisition of 476 Brighton Drive 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 Joe Bronson of NAI Hiffman, Byline 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 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.