TradeLane Properties Makes Another Last Mile Play in the City of Chicago
Oak Brook, IL –TradeLane Properties, through its Chicago focused value-add industrial platform, TradeLane Properties Fund I, has acquired two last-mile industrial buildings totaling 92,500 SF on a combined land site of 5.4 acres at 4201 W. 36th Street in Chicago.
Building A consists of a 44,000 SF warehouse, 30’ clear with four exterior docks, one interior dock, three drive-in doors, excess outside storage, two 10-ton overhead cranes and includes a separate 2-story 4,500 SF office annex. This facility is fully stabilized under a long-term lease.
Building B is 44,000 SF, 30’ clear with four exterior docks, one interior dock, two drive-in doors, and excess outside storage. This facility is available for lease in May of 2021.
Located at the north end of the 4-way interchange at I-55 and Pulaski, these assets are less than one half mile from the BNSF Corwith Intermodal Facility and are adjacent to the new 1M SF Target distribution facility.
TradeLane Properties would like to thank Vern Schultz of Colliers International, 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.