EXECUTIVE SUMMARY
Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of the Chicago Northwest Industrial Corridor Portfolio (the “Portfolio”). The Portfolio is a collection of six (6) high-quality assets in the Chicago MSA totaling 891,266 square feet.
The Portfolio contains six (6) buildings across four (4) industrial parks in Elgin and Bartlett, strategically located within the Central DuPage and Northern Fox Valley submarkets. These assets offer excellent regional connectivity, with I-90 in Elgin and I-355/I-290 in Bartlett providing direct access to Chicago, O’Hare International Airport, and the broader Midwest distribution network. The surrounding amenity base and strong labor pool further enhance tenant appeal, supporting long-term occupancy across a diverse range of industries.
Currently 95% leased to ten (10) tenants, the Portfolio features a weighted average lease term of 3.4 years. With in-place rents below market, investors are well positioned to enhance returns through a balanced rollover and the lease-up of a well-positioned vacancy, while benefiting from attractive cash flow.
The Chicago Northwest Industrial Corridor Portfolio represents an exceptional opportunity for investors to amass an industrial portfolio of high quality functional assets positioned across two of Chicago’s most dynamic industrial hubs.
INVESTMENT HIGHLIGHTS
- Critical Mass of Institutionally Owned & Managed Assets
- Secure Cash Flow with Ability to Increase Yield
- Locational Advantage in DuPage & Kane County
- Central DuPage & Northern Fox Valley Performance
- Strong Market Fundamentals
OFFERING AT A GLANCE
| Size: | 891,266 SF |
| Building(s): | 6 |
| Tenant(s): | 10 |
| Leased: | 95% |
| WALT: |
3.4 Years |
| Average Clear Height: | 31' |
| Average Year Built: | 2010 |
CONTACTS
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MIKE TENTERIS Vice Chair |
ADAM TYLER Vice Chair +1 312 470 1840 |
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JIM CARPENTER Vice Chair |
MEGAN BARKER |
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BARTLETT DOUG PILCHER Executive Director +1 847 518 3285 |
JASON WEST Executive Vice Chair +1 630 363 4395 |
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ELGIN JOHN CASSIDY, SIOR Principal, Lee & Associates +1 773 355 3006 |
KEN FRANZESE, SIOR Principal, Lee & Associates +1 312 424 8205 |
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| JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |