Chicago & Midwest + Greater Chicagoland + Industrial | April 19, 2022

The 10-building Amhurst Lakes Business Park in Waukegan, IL sold to Link Logistics

Colliers Team Sells 11-Building Portfolio to Link Logistics

(Updated with additional information)

Colliers Chicago’s Jeff Devine, Steve Disse and Chris Volkert represented a global real estate investment advisor in the sale of the Amhurst Lake Portfolio consisting of 11 buildings and spanning 1,438,410 square feet in Chicago’s suburbs. Ten of the buildings are located in the Amhurst Lakes Business Park in Waukegan, IL, and one building is located in Trumpet Business Park 10 miles north in Zion, IL.

Currently 90% leased, the portfolio is home to a variety of tenants spanning pharmaceutical, home goods, logistics and manufacturing entities. The buyer was Link Logistics. Published reports say the Blackstone unit paid $149.5 million.

“This group of core industrial buildings possess all of the modern features today’s users seek in a true business park setting,” said Disse, an executive managing director at Colliers Chicago. “With a staggered rent roll and a premier location, there is tremendous upside for new ownership.”

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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 13-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 15-20 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).