TradeLane Properties Closes On The Sale Of Two Buildings in Itasca, IL
Oak Brook, IL – TradeLane Properties is proud to announce the sale of 1500 Bryn Mawr Avenue and 1251 Ardmore Avenue located in Itasca Illinois. Pat Sullivan and Ryan Chambers of NAI Hiffman represented TradeLane Properties in the disposition of the assets to a publicly traded real estate investment trust.
Through its value-add industrial platform, TradeLane Properties Fund I, TradeLane initially acquired the two industrial buildings, totaling 109,443 SF, in 2020 on a short-term lease and, after significant capital improvements secured long-term leases for both facilities.
TradeLane Properties would like to thank NAI Hiffman, 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.