EXECUTIVE SUMMARY
Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive adviser in the sale of the I-55 Corridor Portfolio. The Portfolio is a collection of three (3) Class A assets totaling 1,279,014 square feet located in Chicago’s top performing submarket.
Situated within the I-55 Corridor, the Portfolio benefits from unmatched interstate access, proximity to a deep labor pool, access to an abundance of amenities, and low Will County taxes. With immediate access to I-55 via full interchanges at Route 53 and Weber Road, the subject location makes it ideal for local and regional distribution.
The Portfolio is 100% leased to four (4) tenants with 2.9 years of weighted average lease term remaining. With a 57% mark-to-market opportunity, investors have the ability to capture immediate rental rate growth appreciation within a submarket that continues to record significant rent growth figures.
The offering represents the rare opportunity to acquire scale within the most sought-after logistics location in the Midwest with over 1.2 million square feet of highly functional and institutional-quality assets. Investors have the potential to secure fully leased product with strong in-place cash flow, coupled with the ability to add value through mark-to-market of near-term expirations.
INVESTMENT HIGHLIGHTS
- Coveted Location in Top Tier Submarket
- Strong I-55 Corridor Submarket Fundamentals
- Best-in-Class Assets
- High-Quality Portfolio Attracting Strong Tenancy
- Considerable Discount to Replacement Cost
- Ability to Increase Yield
OFFERING AT A GLANCE
Size: | 1,279,014 SF |
Building(s): | 3 |
Tenant(s): | 4 |
Leased: | 100% |
WALT: |
2.9 Years |
Clear Height: | 31' |
Year Built: | 1995 |
CONTACTS
JIM CARPENTER Vice Chair |
ADAM TYLER Vice Chair +1 312 470 1840 |
MIKE TENTERIS Vice Chair |
ELIZABETH GIVEN Senior Director +1 312 470 1822 elizabeth.given@cushwake.com |
MEGAN BARKER Associate |
JASON WEST Executive Vice Chair +1 630 363 4395 |
SEAN HENRICK Vice Chair +1 847 518 3215 |
JASON WEST Executive Vice Chair +1 630 363 4395 |
SEAN HENRICK Vice Chair +1 847 518 3215 |
JEFF ALTENAU Executive Managing Director +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |
CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP
CENTRAL
Jim Carpenter
Mike Tenteris
Adam Tyler
Elizabeth Given
MOUNTAIN WEST
Will Strong
Kirk Kuller
Micki Strain
Molly Hunt
WEST
Jeff Chiate
Rick Ellison
Bryce Aberg
Mike Adey
Brad Brandenburg
FLORIDA
Mike Davis
Rick Brugge
Rick Colon
Dominic Montazemi
SOUTHWEST
Jim Carpenter
Jud Clements
Robby Rieke
Taylor Starnes
Madeleine Supplee
NORTHEAST
Gary Gabriel
Gerry Blinebury
Kyle Schmidt
Jon Carpenter
Graham Savage
SOUTHEAST
Stewart Calhoun
Casey Masters
Ryan Bellows
Drew Stanford
DEBT TEAM
Rob Rubano
John Alascio
Brian Share
TJ Sullivan