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Chicago & Midwest  + Downtown  + Industrial  | 

TradeLane Acquires Loft Warehouse in West Fulton Market

Lee & Associates closed a sale transaction for an 80,000-square-foot industrial building at 325 N. Ashland Ave. in the West Fulton Market District / Kinzie Industrial Corridor. Buyer TradeLane Properties acquired the two-story loft warehouse building for an undisclosed sum through its TradeLane Properties Fund I value-add platform.
 
Tom Condon, principal, and Sean Austin, VP, at Lee & Associates’ Illinois office were the sole brokers in the transaction between the owners of Rickard Binding and TradeLane. The property includes an additional 45-spot surface parking lot.

As part of its investment strategy, locally-based TradeLane will redevelop the facility to include a new window system, LED lighting, roof replacement, remodeled interior office and warehouse updates.

The property’s new ownership notes that the facility is suited for light manufacturing, showroom/warehouse, data center, last-mile distribution, life sciences or healthcare services/inventory use. TradeLane has retained the Lee team to market the building for lease.

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).

  • ◦Sale/Acquisition
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