American Realty Advisors has acquired I-88 Gateway Logistics Center, a 604,565 square-foot industrial property in North Aurora, Illinois, for an undisclosed price. The building is currently fully leased to Midwest Warehouse & Distribution System Inc. through 2022.
Built in 2014, the property is located in the I-88 west industrial submarket of the Chicago, approximately 40 miles west of the Chicago CBD.
The property sits on a 32.6-acre site and has 32-foot clear heights, 60 cross-dock truck doors, four drive-in doors, ESFR fire protection, a fully air conditioned food grade facility, secured trailer parking with 63 trailer stalls, 46 trailer staging bays with an additional 63 future trailer stalls, and 300 parking spaces.
The seller, a joint venture between Opus and USAA Real Estate Company, was represented by Jeffery Devine and Steven Disse of Colliers.