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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  December 13, 2021
Dayton Street Partners 6201 Monroe Ct. Morton Grove IL
Paul Bubny
By: Paul Bubny

DSP Trades Morton Grove Warehouse to Brookfield

Dayton Street Partners (DSP) has sold a 208,000-square-foot distribution center at 6123 Monroe Ct. in Morton Grove, IL, to Brookfield Property Group for an undisclosed price.  
 
“This was a rare opportunity for an investor to acquire a stabilized, infill distribution center,” said Howard Wedren, DSP’s founder and managing principal. 
 
DSP acquired the property in 2016 and immediately launched a multimillion-dollar interior and exterior renovation campaign, converting the antiquated industrial facility into an institutional quality distribution center. The Chicago-based owner/developer updated the façade, repaved the parking lots, installed a new roof and added new signage.  
 
The facility now sports 28’ clear warehouse space, 17 loading docks, three drive-in doors, parking for 150 cars and 1.5 acres of trailer parking. At closing it was 100% leased to five tenants. 
 
CBRE’s Michael Caprile, Zach Graham and Ryan Bain represented DSP in the sale to Brookfield. 

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Inside The Story

DSPCBRE’s Caprile

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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