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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Elion Logistics Park 55 Wilmington IL industrial development Elion Partners Brookfield

Brookfield Recapitalizes Elion’s Park 55 in $1B Partnership

Brookfield Asset Management and Elion Partners have launched a $1-billion strategic partnership expanding Brookfield’s Real Estate Secondaries’ logistics portfolio across core infill markets. As part of the partnership, Brookfield recapitalized Elion Logistics Park 55, a master-planned park in Wilmington, IL with the potential to develop approximately $1 billion of industrial real estate.  

The ELP 55 project includes five existing Class A industrial assets totaling four million square feet that are 100% leased, as well as the potential to develop up to 15 million additional square feet in the future. Park Madison Partners acted as the exclusive capital advisor for recapitalization. 

“Industrial logistics real estate continues to experience positive momentum, and now is the logical time to seek long-term capital,” said Juan DeAngulo, managing partner at Elion. “This partnership structure and Brookfield’s support will enable Elion to fulfill the long-term development plans for ELP 55.” 

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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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