TradeLane Properties, through its Chicago-focused, value-add industrial platform, TradeLane Properties Fund I, has acquired two last-mile industrial buildings totaling 92,500 square feet on a combined land site of 5.4 acres at 4201 W. 36th Street in Chicago.
Building A consists of a 44,000-square-foot warehouse, 30-foot clear with four exterior docks, one interior dock, three drive-in doors, excess outside storage, two 10-ton overhead cranes and includes a separate two-story, 4,500-square-foot office annex. This facility is fully stabilized under a long-term lease.
Building B is a 44,000-square-foot, 30-foot clear property with four exterior docks, one interior dock, two drive-in doors and excess outside storage. This facility is available for lease in May of 2021.
Located at the north end of the four-way interchange at I-55 and Pulaski, these assets are less than one half mile from the BNSF Corwith Intermodal Facility and are adjacent to the new 1-million-square-foot Target distribution facility.
Vern Schultz of Colliers International, Byline Bank and Greenberg Traurig LLP assisted in this transaction.
