(ITASCA, IL) Brendan Hill, Acquisition Director of ML Realty Partners, is pleased to announce that the firm has purchased a 1,020,561 square foot industrial building portfolio plus 45 acres of industrial land sites.
The portfolio consists of fifteen industrial buildings within the I-55 Corridor, Central DuPage, Lake County and O’Hare submarkets. The acquisition also included five shovel-ready industrial land sites totaling 40 acres in the I-55 Corridor and an additional five acres in Lake County.
“This transaction provided ML Realty Partners an opportunity to acquire a diversified collection of institutional quality industrial assets in excellent locations within key industrial submarkets,” said Hill. “In addition, this will allow ML Realty Partners to expand our presence through the purchase of quality land sites for future development in some of ML Realty Partners’ most targeted areas for development.”
Jeff Devine, Steve Disse and Mike Senner of Colliers represented the seller in this transaction.