Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Brokers Sale of Carol Stream Logistics Center, I-290 Distribution Center
JLL has completed the sale of two Class A industrial assets in Chicago’s North DuPage County submarket.
The firm represented the seller in both transactions for the Carol Stream Logistics Center, a 185,796-square-foot property and the I-290 Distribution Center, a 150,010-square-foot property. For the I-290 Distribution Center, JLL also secured acquisition financing from a life insurance company on behalf of the new owner. Prologis acquired the Carol Stream Logistics Center.
The JLL Investment Sales and Advisory team was led by Managing Directors Kurt Sarbaugh and Ed Halaburt along with Senior Managing Directors Sean Devaney and John Huguenard. The financing for I-290 Distribution Center was secured by Senior Directors Brian Walsh and Lucas Borges as well as Managing Director Matt Stewart.
“The acquisition of Carol Stream Logistics Center demonstrates our commitment to acquiring strategically located, modern logistics facilities in our target submarkets,” said Josh Bauer, VP and Investment Officer at Prologis.
