TradeLane Properties, a privately held industrial real estate company, has purchased a three-building industrial portfolio totaling 190,476 square feet in Glendale Heights, Illinois. Acquired within the TradeLane Properties U.S. Industrial Fund II, this fully stabilized investment was 100% occupied at closing.
TLP Windy Point consists of three adjacent 63,492 square foot highly functional light industrial buildings each with 24-foot clear height, ample car parking and sufficient loading for each suite size. Located in the Central DuPage submarket, the park offers direct proximity to I-355 and major expressways.
This acquisition 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 Mike Tenteris with Cushman & Wakefield and Franklin Law Firm, PLLC for their assistance in this transaction.
