TradeLane Properties Acquires Industrial Building in Mokena, IL
Oak Brook, IL – TradeLane Properties, a privately held Industrial Real Estate company, announces the acquisition of 9645 Willow Lane, a 55,083 square foot light industrial building in Mokena, 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.
Highly functional with a fully air-conditioned warehouse, secure outside storage area, ample car parking, and a recently renovated office, the asset is located less than one-half mile from I-80 at LaGrange Road, providing excellent access to both Indiana and metro Chicago.
The acquisition of 9645 Willow Lane 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 J. Michael Bonet, Independent Managing Broker, 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. 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.