JLL Capital Markets closed the sale of LBA Logistics’ seven-property industrial portfolio across Southeast, Midwest and Chicago markets. The disposition involved two separate transactions, with MDH Partners acquiring a six-asset Central-Sunbelt portfolio and Venture One purchasing a Chicago-area cold storage facility.
The Central-Sunbelt collection encompasses nearly 1.5 million square feet across Jacksonville, Atlanta, Broward County, Columbus, Louisville and Cincinnati. The six-asset portfolio is fully leased, with entrenched, invested tenants spanning pharmaceutical, aerospace, food and beverage and household products sectors. The diversified portfolio’s assets average 245,930 square feet with 33-foot clear heights, offering strategic proximity to critical logistics infrastructure, major international airports and rail terminals.
In a separate transaction, the 77,838-square-foot cold storage facility at 601 Wall Street in Glendale Heights sold to Venture One. The specialized facility features approximately 38,000 square feet of freezer space and serves as a distribution hub for KeHE Distributors, one of the nation’s largest natural and specialty food distributors. The property represents rare infill cold storage capacity within the Chicago metropolitan area’s constrained North DuPage submarket.
