TradeLane Properties adds 4444 W. Ferdinand Street in the city of Chicago to its Chicago-focused, value-add industrial platform, TradeLane Properties Fund I.
The 138,651-square-foot, two-tenant industrial building includes a 24-foot clear height, eight interior docks, two exterior docks, three drive-in doors and 1,200 amps of power with rail service provided by the Union Pacific Railroad. The facility is 70 percent occupied and a fully demised 40,500-square-foot unit with two exterior docks and three drive-in doors is available for immediate lease. Value-add improvements wil include a new roof, exterior paint, expanded parking and new landscaping.
Located within the Northwest Industrial Park and accessed one mile from the Cicero Avenue exit at I-290, the building offers ideal last mile delivery to downtown Chicago and the western suburbs amongst a deep urban labor pool with over 1 million residents within a five mile radius.
The acquisition of this facility brings TradeLane’s Chicago portfolio to 13 properties and over 1.5 million square feet. Colliers International’s Vern Schultz, Byline Bank and Greenberg Traurig LLP assisted in this transaction.