
TradeLane Properties Snaps Up Glendale Heights Industrial Portfolio
TradeLane Properties, a privately held industrial real estate company, has purchased a three-building industrial portfolio totaling 190,476 square feet, in Glendale Heights, IL. Acquired within the TradeLane Properties U.S. Industrial Fund II, the fully stabilized investment was 100% occupied at closing.
Renamed TLP Windy Point, the property consists of three adjacent 63,492-square-foot light industrial buildings each with 24’ clear height, ample car parking and sufficient loading for each suite size. Located in the Central DuPage submarket, the park offers direct access to I-355 and major expressways.
TradeLane said the acquisition was consistent with its strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including accounting, construction, and property management teams.
Cushman & Wakefield’s Mike Tenteris assisted in the acquisition.
- ◦Sale/Acquisition