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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Faropoint Makes Second Chicago-Area Buy with Single-Tenant Industrial

Faropoint acquired a single-tenant, 64,002-square-foot industrial facility on 3.1 acres at 3325 Mount Prospect Rd., Franklin Park, IL. Tyler Ziebel, Steven Disse and Jeffery Devine with Colliers represented the seller. Faropoint was not represented in this transaction. 

“This project is our second acquisition in our Chicago portfolio, which we just kicked off about two months ago,” said Jordan Kovalsky, who leads Faropoint’s Midwest operations. “This acquisition provides an opportunity to own and manage an asset with a long-term tenant in place, just south of O’Hare International Airport.”

Ziebel added, “Our group was extremely lucky to work with a great seller and buyer on this transaction in what ended up being a great deal for both sides. The property fits seamlessly into Faropoint’s national strategy and is a great addition as they continue to scale their Chicago portfolio.”

The tenant at 3325 Mount Prospect uses the property for national distribution. 

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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).

  • ◦Sale/Acquisition