TradeLane Properties Expands Chicago Portfolio with 13-Building Acquisition
Oak Brook, IL – TradeLane Properties, a privately held Industrial real estate investment company, has successfully closed on a 13-building light industrial portfolio amongst suburban Chicago. This transaction marks the largest single acquisition 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 13-building, 845,200 square foot package is 100% leased at closing with eighteen diverse customers. Tenant industries include food packaging, printing, 3rd party logistics and e-commerce.
The transaction, with an average building size of 65,000 square feet and a weighted average remaining lease term of under four years, is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through in-house capabilities inclusive of dedicated accounting, construction, and property management teams.
TradeLane Properties would like to thank CBRE National Partners, Greenberg Traurig LLP and Bryan Cave Leighton Paisner 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 focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.