Value Industrial Partners with equity partner Diversified Real Estate Capital have acquired Arlington Center, a two building light industrial/flex complex totaling 213,000 square feet and located at 501-571 W. Golf Road and 702-778 W. Algonquin Road in Arlington Heights.
Arlington Center can accommodate tenants from 1,600 to 16,000 square feet with flexible office layouts of 10 to 100 percent and truck docks for most units. Arlington Center’s location in close proximity to I-290/Route 53 at Golf Road and I-90 at Golf or Arlington Heights roads offers tenants access to the greater suburban area.
The Diversified Real Estate Capital/Value Industrial Partners partnership is well capitalized to meet the needs of new tenants and improvements to the buildings are underway. Value Industrial Partners will manage Arlington Center and leasing will by lead by Brian Liston and Brian Gedvilas.
Value Industrial Partners now owns and manages more than 4 million square feet of buildings throughout the Chicago area.