SL Industrial Partners, part of The Silverman Group, has acquired a 17-building portfolio totaling 925,391 square feet of industrial flex space across three business parks in the Chicago area.

The portfolio was sold by an institutional owner, with Cushman & Wakefield representing the seller. The transaction was facilitated by the firm’s Vice Chairs Mike Tenteris, Adam Tyler, and Jim Carpenter.

Each business park will be rebranded under the SL Business Center name, including SL Business Center at Buffalo Grove, an eight-building complex with 406,406 square feet of industrial flex space. The portfolio also includes SL Business Center at Vernon Hills, a five-building complex with 281,340 square feet of space, and SL Business Center at Elgin, a four-building complex comprising 237,645 square feet of space.

The acquisition nearly doubles SL Industrial Partners’ presence in the Chicago market, growing its portfolio from 800,000 square feet to just under 2 million square feet. “Smaller flex space has proven to be a critical asset for businesses looking for highly functional and well-located industrial facilities,” said Blake Silverman, President of The Silverman Group.