An affiliate of CR Realty Advisors, LLC has acquired seven industrial properties in the Chicagoland area.
In one acquisition, the affiliate purchased a 65,000-square-foot industrial building from the Cozzini Corporation. The property is fully leased to The Middleby Corporation at 4300 W Bryn Mawr in Chicago, on 3.5 acres of land.
In a separate transaction, the affiliate acquired six industrial properties located in Elgin and Chicago’s Bridgeport neighborhood, from Pure Metal Recycling.
The Elgin properties at 1255 Gifford Rd. and 1450 Bartlett, consist of 22 acres of land zoned for heavy industrial use 10,000 square feet of industrial warehouse space.
The Chicago properties consist of 75,000 square feet of industrial and office space on 5.5 acres of land at: 3357 South Justine, 1719 West 35th, 3701 South Racine, and 3850 South Racine. CR purchased the portfolio on a speculative basis with no tenants.
