TradeLane Properties Acquires Light Industrial Building in Burr Ridge, IL
Oak Brook, IL – May 6, 2021 – TradeLane Properties, through its Chicago focused value-add industrial platform, TradeLane Properties Fund I, has closed on a single asset in the I-55 Corridor.
7521 - 7531 Brush Hill Road is located less than a mile from the intersection of I-55 and Route 83 in DuPage County. This Class A and fully divisible light industrial building totals 49,907 square feet. Accommodating two tenants and fully stabilized at closing, this pre-cast construction facility includes a 24’ clear height, 3 exterior docks (expandable), 3 drive-in doors, and parking for 84 autos.
TradeLane Properties would like to thank Brian Vanosky, Mike O’Leary and Dylan Maher with Lee & Associates, 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.