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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  March 14, 2019
Paul Bubny
By: Paul Bubny

Black Creek Adds to Chicago-Area Industrial Holdings

Denver-based Black Creek Group has added to its Chicago-area industrial portfolio with three new acquisitions. They include 2770 Alft Ct. in Elgin (pictured), 1881 Normantown Rd. in Romeoville, and 351-355 Hastings Dr. in Buffalo Grove.

Deal terms weren’t disclosed. Each of the newly-acquired properties is fully-leased and located near major traffic arteries.

“Chicago is a core market for Black Creek Group,” said Marty Edmondson, SVP of Black Creek’s North Central Region. “Through both our recent acquisitions and our ongoing development activity, we have continually worked to strengthen our presence in key Chicago submarkets and look forward to expanding on this momentum.”

As of this past Dec. 31, Black Creek’s Greater Chicago industrial holdings totaled 4.9 million square feet, including three buildings under development. The company acquired a pair of Class A industrial assets, totaling 386,000 square feet and located in the I-90 Corridor and DuPage submarkets, in December.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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