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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  October 16, 2020
Paul Bubny
By: Paul Bubny

Samsung Distribution Hub Trades to Exeter

Colliers International | Chicago’s Jeff Devine and Steve Disse represented LaSalle Investment Management in the sale of the Samsung I-55 Distribution Center located at 160 Southcreek Parkway in Romeoville, IL. The 650,000-square-foot building traded to Exeter Property Group for an undisclosed sum. 

The Samsung facility is located in Pinnacle Business Center. Samsung has occupied the building since 2012 and has used it as its primary Chicago area distribution center for all appliance lines.  The company recently extended its lease there.

“This was an excellent opportunity for Exeter to acquire a Class A facility that is a critical supply chain shipping point for one of the world’s most recognizable consumer brands,” said Devine.

“Located in the land-constrained I-55 industrial submarket, this was purchased at a very attractive cost basis,” he continued. “This is a highly defensive investment that is the perfect addition to any core industrial investment strategy.”

For comments, questions or concerns, please contact Paul Bubny  

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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).
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