Transwestern Sells Spec Industrial Near O’Hare

Transwestern Development Co. (TDC) sold a 178,516-square-foot industrial property on behalf of TDC Franklin Park Partners I LLC, a partnership with one of Transwestern Investment Group’s accounts. The building at 9100 Belmont Ave. in Franklin Park, IL, was acquired by a global real estate investment manager for an undisclosed amount.

“We saw an opportunity to capitalize on the continued robust demand for quality, modern infill distribution space,” said Kevin Mohoney, VP at TDC. “This property presented a compelling opportunity to acquire a newly-constructed, state-of-the-art facility in Chicago’s top performing submarket, and we’re thrilled that our successful exit has delivered a significant return for our equity partner.”

The sale marked the culmination of TDC’s assemblage of three off-market sites in 2018 to create an infill development site within the O’Hare submarket. The finished product features a 32-foot clear height, low taxes and high visibility.

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