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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  September 3, 2025
Jasmine Kilman
By: Jasmine Kilman

Greenstone Partners Brokers Sale of Two Indiana Industrial Properties

Greenstone Partners announced the $16.5 million sale of the Addison and Clark buildings, two multi-tenant shallow bay industrial properties totaling 166,134 square feet. Located at 6625 and 6675 Daniel Burnham Drive in Portage, Indiana, the properties sit within the Northwest Indiana submarket of the greater Chicago metropolitan area.

Greenstone Partners’ Managing Partner, Jason St. John, represented the seller, a Florida-based private investor, and procured the buyer, Sperry Equities, a Southern California-based real estate investment group. The transaction represents the highest price per square foot ever achieved for a multi-tenant industrial investment of 50,000 square feet or larger in the Northwest Indiana region.

“The buyer was attracted by the portfolio’s strategic location within one of the region’s most well-leased submarkets, along with the meaningful mark-to-market opportunity within the existing income stream,” said St. John. Located just 45 miles from downtown Chicago, the properties are well-positioned for last-mile and middle-mile logistics.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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