TradeLane Properties Sells City of Chicago Facility
Oak Brook, IL - TradeLane Properties has completed the sale of an industrial building located at 4444 W. Ferdinand Street within the Northwest Business Park, Chicago, Illinois. The undisclosed user/buyer was represented by Kevin Segerson and Philip Deboer of CBRE.
Initially acquired in 2020 as a partially leased, Class C, two-tenant industrial building totaling 138,651 SF, TradeLane repositioned the asset to include tenant relocation, exterior paint, landscaping, environmental clean-up/ tank removal, new pavement and additional trailer positions.
Vern Schultz of Colliers International represented TradeLane in both the initial acquisition as well as the disposition of the asset.
TradeLane Properties would like to thank Colliers International, CBRE, 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 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.