IndCor, a real estate company focused on the ownership and management of industrial properties, significantly expanded its presence in Chicago through the acquisition of 15 buildings. The deal closed in late April of 2013.
This portfolio is strategically located in key infill sub-markets with significant barriers to entry for future development. The 2,117,948-square-foot acquisition gives IndCor critical mass in Chicago – one of the core logistics markets in the U.S. – and increases IndCor’s total Chicago platform to more than 2.5 million square feet.
Jim Carpenter, senior director at Cushman & Wakefield, brokered the deal.
“This 15 building acquisition offers irreplaceable real estate in one of the key U.S. markets and provides us opportunities to expand and develop our real estate presence with a leading platform in Chicago,” said Tim Beaudin, president and CEO of IndCor. “IndCor is well-positioned to continue our rapid growth through the acquisition of this high quality industrial real estate.”
