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Chicago & Midwest  + Illinois + Midwest  + Office  |  October 3, 2023
Kingsbarn Acquires Logistics Company HQ in Elgin
Jasmine Kilman
By: Jasmine Kilman

Kingsbarn Acquires Logistics Company HQ in Elgin

Kingsbarn Realty Capital has acquired GoldCoast Logistics Group headquarters located at 1425 Madeline Lane in Elgin, Illinois. The building was a build-to-suit for the firm that was completed in 2022. GoldCoast Logistics, one of the Midwest’s largest trucking, supply chain, and logistics companies, has entered into a 20-year, triple net lease with Kingsbarn with rental increases of 2.5% per year.

“The acquisition of the GoldCoast headquarters building advances our strategy of acquiring well-located distribution and logistics properties,” according to Jeff Pori, CEO of Kingsbarn. “We intend to offer interests in this high-quality replacement property for private investors who are in a 1031 exchange.”

The GoldCoast headquarters spans 61,888 square feet and has a 30-foot clear height in the warehouse area, with 12 dock-high and four grade-level overhead doors. The property offers access to I-90 and I-94 as well as close proximity to O’Hare International Airport.

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KingsbarnGoldCoast Logistics

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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