TradeLane Properties, through its Chicago-focused, value-add industrial platform, TradeLane Properties Fund I, has closed on two buildings in Itasca, Illinois. The highly functional, light industrial buildings total 109,443 square feet and are fully leased to Phoenix Converting, Inc.
The properties, 1500 Bryn Mawr Avenue and 1251 Ardmore Avenue, are located within close proximity to the O’Hare International Airport, among a deep and skilled manufacturing labor pool. Jeff Janda with Lee & Associates, Greenberg Traurig LLP, Byline Bank and Land Services USA, Inc assisted in this transaction.
