Value Industrial Partners recently acquired 5300-5328 W. 123rd Place in Alsip. The property totals 86,503 square feet and is currently 100 percent leased to three tenants.
Value Industrial Partners purchased the asset due to its strong tenant base and good infill location in close proximity to several other buildings owned by Value Industrial Partners. The 123rd Place building is the third acquisition this year for Value Industrial Partners, and 2014 acquisitions total more than 300,000 square feet.
J. Michael Bonet of Jupiter Realty Services was the sole broker in the transaction representing both Value Industrial Partners and the seller. Brian Liston and Brian Gedvilas of Value Industrial Partners also worked on behalf of Value Industrial Partners.
