Rosemont, Ill.-based CrossLake Partners recently acquired a seven-building 1.5-million-square-foot industrial portfolio in the Grand Rapids, Mich., and South Bend, Ind., markets.
The $29 million purchase closed on June 12. The seller was CenterPoint Properties.
CrossLake Partners is a joint venture between principals within Colliers International’s Chicago offices and a Chicago-based real estate investment firm.
KeyBank provided the acquisition and lease-up financing for the transaction.
The properties — which are 75 percent leased collectively — have a roser of 23 in-place tenants.
