Oakbrook Terrace, IL –TradeLane Properties, a privately held industrial real estate company, is pleased to announce the successful acquisition of two strategic assets located in Alsip, IL. This dual-property acquisition totals over 451,000 square feet.

5750 W. 118th Street is a 366,869 SF manufacturing facility situated on 13.90 acres. Built between 1996–2000 with precast concrete construction, the property features 24’-26’ clear height, 12 exterior dock-high doors (expandable), 48,000-amp power service, multiple existing bridge cranes, 480 auto parking stalls (expandable), and active multi-track rail service via Indiana Harbor Belt (IHB).  Extensive repositioning of this unique asset is currently underway inclusive of a new roof, exterior and interior paint, paving, landscaping, and office make-ready.  This facility is divisible and immediately available for lease.

11700 S. Central Avenue is an 84,376 SF front-load distribution facility situated on 4.50 acres. Constructed in 1990, the building features 18’ clear height, 4,500 SF of office space, 15 exterior dock-high doors, 1 drive-in door, 26 auto parking stalls.  This facility was 100% leased at closing.

Purchased within the TradeLane Properties U.S. Industrial Fund III, L.P., an investment fund focused on key Central and Southwest U.S. logistics markets, this investment showcases the fund’s focus on irreplaceable assets located in infill locations.

TradeLane Properties would like to thank Brian Kling and Jake Spinell at Colliers for their assistance in closing 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, Dallas-Fort Worth, Houston and San Antonio. For more information, visit www.tradelaneproperties.com.