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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

TradeLane Offloads Bridgeview Warehouse After Repositioning

OakBrook, IL-based TradeLane Properties has sold TLP Bridgeview Logistics Center at 7557-7575 S. 78th Ave. in Bridgeview, IL. CBRE Capital Markets’ Michael Caprile, Ryan Bain and Zach Graham represented TradeLane Properties in the disposition.

The buyer and purchase price weren’t disclosed. TradeLane acquired the 254,425-square-foot industrial building for approximately $12 million in October 2019, and has since repositioned it via the company’s value-add industrial platform, TradeLane Properties Fund I.

Upgrades to TLP Bridgeview Logistics Center included roof replacement, repaving of truck courts, new mechanical systems, LED lighting, stormwater detention relocation as well as the addition of parking and electrical charging locations for over more than 670 delivery vans.

TradeLane Properties expressed thanks to CBRE National Partners, Krusinski Construction Company, Pinnacle Engineering Group, CIBC Bank and Greenberg Traurig LLP for their assistance in the sale. In late June, TradeLane acquired a five-building industrial park in Elmhurst, IL for an undisclosed sum.


Inside The Story

TradeLaneCBRE’s Caprile

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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