TradeLane Properties Acquires Industrial Warehouse in Rare, City of Chicago Business Park
TradeLane Properties adds 4444 W. Ferdinand Street in the City of Chicago to its Chicago focused value-add industrial platform, TradeLane Properties Fund I.
The 138,651 square foot, two-tenant industrial building includes a 24’clear height, 8 interior docks, 2 exterior docks, 3 drive-in doors and 1,200 amps of power with rail service provided by the Union Pacific Railroad. The facility is 70% occupied and a fully demised 40,500 SF unit with 2 exterior docks and 3 drive-in doors is available for immediate lease. Value-add improvements to include a new roof, exterior paint, expanded parking and new landscaping.
Located within the Northwest Industrial Park and accessed one mile from the Cicero Avenue exit at I-290, the building offers ideal last mile delivery to downtown Chicago and the western suburbs amongst a deep urban labor pool with over 1M residents within a five mile radius.
The acquisition of this facility brings TradeLane’s Chicago portfolio to 13 properties and over 1.5 million square feet.
TradeLane Properties would like to thank Vern Schultz of Colliers International, 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.