After acquiring a 2.35-million-square-foot industrial portfolio in Chicago earlier this year, Dallas-based Westmount Realty Capital, a commercial real estate development and investment company, has sold one of its Chicago holdings. The 310,775-square-foot warehouse and distribution facility near Midway Airport was acquired by High Street Realty Company.
Andrew Maletich, executive vice president with Cawley Chicago, represented Westmount and High Street in the transaction.
Located at 4404 W Ann Lurie Place, the property was developed in the mid-1970s and modernized in 2010 by the previous owner, KTR Capital. The building is leased to three tenants, including Gold Eagle, BT Wholesale and Southwall Insulating Glass.
The building is situated on 21.7 acres within the Crawford Industrial Park, less than one mile from the four-way interchange at I-55 and Pulaski Road. It features 22-foot clear ceilings, 69 truck docks, two drive-in doors and parking for 130 cars. Westmount acquired the property in 2014.
Westmount’s Chicago portfolio currently includes 46 properties totaling more than 4.675 million square feet of space. The occupancy rate of the portfolio is 92.4 After acquiring a 2.35-million-square-foot industrial portfolio in Chicago earlier this year, Dallas-based Westmount Realty Capital, a commercial real estate development and investment company, has sold one of its Chicago holdings. The 310,775-square-foot warehouse and distribution facility near Midway Airport was acquired by High Street Realty Company.
Andrew Maletich, executive vice president with Cawley Chicago, represented Westmount and High Street in the transaction.
Located at 4404 W Ann Lurie Place, the property was developed in the mid-1970s and modernized in 2010 by the previous owner, KTR Capital. The building is leased to three tenants, including Gold Eagle, BT Wholesale and Southwall Insulating Glass.
The building is situated on 21.7 acres within the Crawford Industrial Park, less than one mile from the four-way interchange at I-55 and Pulaski Road. It features 22-foot clear ceilings, 69 truck docks, two drive-in doors and parking for 130 cars. Westmount acquired the property in 2014.
Westmount’s Chicago portfolio currently includes 46 properties totaling more than 4.675 million square feet of space. The occupancy rate of the portfolio is 92.4 percent. percent.
