Value Industrial Partners purchased Bowling Green Center, a 14-building office, flex and industrial complex totaling 274,000 square feet. Located at 245 W. Roosevelt Road in West Chicago, Illinois, the property was 90 percent leased at the time of acquisition.
“We are excited to expand our presence in the Fox Valley submarket with an acquisition of this size,” said Brian Liston, principal of Value Industrial Partners, “and think by providing some additional hands on leasing and management to the property, we can deliver an enhanced experience for valued tenants and a solid return for our investors.”
Jeff Girling, managing vice president at Paine Wetzel Commercial Real Estate represented Value Industrial Partners in the transaction and Brian Liston, John Horrigan and Brian Gedvilas worked on behalf of Value Industrial Partners. New ownership will soon complete significant improvements including new roofs, paving, landscaping and signage and the center will be renamed to Roosevelt Center.
“Value Industrial Partners is hands down the right buyer for this property,” said Jeff Girling, managing vice president at Paine/Wetzel, who represented Value Industrial Partners in the transaction. “They are one of the few firms in Chicagoland who really create value from managing and operating large industrial complexes that cater to smaller industrial users. VIP is the right group to steward the property for the years to come.”