TradeLane Properties Acquires Two Buildings Totaling 109,443 SF in Itasca, IL
TradeLane Properties, through its Chicago focused value-add industrial platform, TradeLane Properties Fund I, has closed on two buildings in the O’Hare submarket.
1500 Bryn Mawr Avenue and 1251 Ardmore Avenue are located within close proximity to the O’Hare International Airport, amongst a deep and skilled manufacturing labor pool. These highly functional, light industrial buildings total 109,443 square feet and are fully leased to Phoenix Converting, Inc.
TradeLane Properties would like to thank Jeff Janda with Lee & Associates, Greenberg Traurig LLP, Byline Bank and Land Services USA, Inc 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.