TradeLane Properties has purchased 9113 Le Saint Drive, an industrial facility totaling 183,178 square feet, in West Chester. This freestanding facility, demised into three units, is situated on 10.92 acres and includes seven dock high doors, six drive-in-doors, 16- to 28-foot clear height, 7,000 amps of power and 428 auto stalls. The building is located approximately 2.5 miles from Interstate 275 and four miles from Interstate 75.
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, this investment was acquired vacant and subsequently leased to three separate tenants immediately after closing.
As part of its investment strategy, TradeLane Properties will replace the existing metal roof with the application of a new flute fill and TPO system, upgrade to LED lighting, perform significant asphalt work, apply new exterior and interior building paint, remodel the interior office space and install new landscaping.
The acquisition of TLP 9113 Le Saint is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank Tim Schenke with CBRE, Wintrust Bank, and Franklin Law Firm, PLLC for their assistance in this transaction.
