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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Faropoint Chicago Income Portfolio industrial

Faropoint Establishes Chicagoland Base with 757K-SF Portfolio Acquisition

Faropoint has acquired a 757,017-square-foot industrial portfolio located throughout the Chicagoland area for an undisclosed sum. Colliers’ Jeff Devine, Steve Disse and Tyler Ziebel represented the undisclosed seller. Faropoint was not represented in the transaction.  

“This acquisition provides Faropoint the opportunity to plant a flag in the Chicago market with a portfolio that has strong weighted average lease term and average tenure,” said Jordan Kovalsky, who leads Faropoint’s Midwest operations. “These properties are well located within the market, pushing us towards the creation of a last-mile ecosystem in Chicago.”  

The Chicago Income Portfolio encompasses seven buildings. The properties are located in Elk Grove Village, Glendale Heights, Carol Stream, Hanover Park, Bolingbrook and Elgin. 

The portfolio was 100% leased to 10 tenants at the time of acquisition. The tenant base includes a diverse mix of business sectors such as technology, manufacturing, robotics and energy.  

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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).

  • ◦Sale/Acquisition
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