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Chicago & Midwest  + South Side  + Industrial  |  October 5, 2020
Paul Bubny
By: Paul Bubny

TradeLane Acquires West Side Industrial

TradeLane Properties has added 4444 W. Ferdinand St. in the West Side’s West Garfield Park neighborhood to its Chicago focused value-add industrial platform, TradeLane Properties Fund I. Deal terms weren’t disclosed.

The 138,651-square-foot, two-tenant industrial building is 70% leased. TradeLane plans value-add improvements, to include a new roof, exterior paint, expanded parking and new landscaping.

Located within the Northwest Industrial Park and accessed one mile from the Cicero Avenue exit at I-290, the building offers last-mile delivery to downtown Chicago and the western suburbs. The acquisition of this facility brings TradeLane’s Chicago portfolio to 13 properties and more than 1.5 million square feet.

Vern Schultz of Colliers International brokered the deal. Last month, TradeLane acquired an 80,000-square-foot industrial building at 325 N. Ashland Ave. in the West Fulton Market District / Kinzie Industrial Corridor, a deal brokered by Lee & Associates. 

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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