Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
ML Realty Acquires 1M-SF Chicagoland Portfolio
ML Realty Partners acquired a 1,020,561-square-foot industrial building portfolio plus 45 acres of industrial land sites throughout the Chicago metropolitan area. The purchase prices wasn’t disclosed.
The portfolio consists of 15 industrial buildings within the I-55 Corridor, Central DuPage, Lake County and O’Hare submarkets. The acquisition also included five shovel-ready industrial land sites totaling 40 acres in the I-55 Corridor and an additional five acres in Lake County.
“This transaction provided ML Realty Partners an opportunity to acquire a diversified collection of institutional quality industrial assets in excellent locations within key industrial submarkets,” said Brendan Hill, ML Realty’s acquisition director. “In addition, this will allow ML Realty Partners to expand our presence through the purchase of quality land sites for future development in some of ML Realty Partners’ most targeted areas for development.”
Colliers’ Jeff Devine, Steve Disse and Mike Senner represented the undisclosed seller.
- ◦Sale/Acquisition
