EXECUTIVE SUMMARY

Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of the Chicago Light Industrial Portfolio (the “Portfolio”). The Portfolio is a collection of 17 assets totaling 925,391 square feet located in Chicago’s Lake County and Northern Fox Valley submarkets.

 

The Portfolio is 92% leased to 154 tenants spanning across three business parks in Buffalo Grove, Vernon Hills, and Elgin. The Portfolio is extremely well located - proximate to I-94 in Buffalo Grove/Vernon Hills and I-90 in Elgin - while being surrounded by an abundance of amenities that attract a diverse tenant base across a variety of industries.

 

The Chicago Light Industrial Portfolio provides investors with the opportunity to acquire institutionally owned and maintained assets while establishing critical mass in three exceptional business parks in the Chicago MSA.

INVESTMENT HIGHLIGHTS

  • Exceptional Business Parks with Unmatched Amenities
  • Strong Tenant Base
  • Best-in-Class Assets, Fitting the Submarket Tenancy
  • Discount to Replacement Cost
  • Attractive Submarkets
  • Remaining Lease Term with Upside

OFFERING AT A GLANCE

Size: 925,391 SF
Building(s): 17
Tenant(s): 154
Leased: 92%
WALT:

2.9 Years

Average Clear Height: 15.4'
Average Year Built: 1996
   

 

CONTACTS

MIDWEST

JIM CARPENTER

Vice Chair
+1 312 470 3830
jim.carpenter@cushwake.com

 

MIKE TENTERIS

Vice Chair
+1 312 470 3832
michael.tenteris@cushwake.com

 

ADAM TYLER

Vice Chair

+1 312 470 1840
adam.tyler@cushwake.com

MEGAN BARKER
Associate
+1 312 424 8202
megan.barker@cushwake.com 

ELGIN

STEVE BASS

Executive Vice President - NAI Hiffman
+1 630 317 0738
sbass@hiffman.com  

 

JACK BRENNAN

Executive Vice President - NAI Hiffman
+1 630 317 0754
jbrennan@hiffman.com 

VERNON HILLS & BUFFALO GROVE

MARK BEAUMHART

Senior Vice President - NAI Hiffman
+1 630 691 0550
mbaumhart@hiffman.com

 
JEFF ALTENAU
Vice Chair
+1 312 470 2355
jeff.altenau@cushwake.com 

ZACH YARNOFF

Managing Director
+1 312 424 8205
zach.yarnoff@cushwake.com 

CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP

CENTRAL

Jim Carpenter

Mike Tenteris

Adam Tyler

Megan Barker

MOUNTAIN WEST

Will Strong

Michael Matchett

Molly Hunt

WEST

Jeff Chiate

Rick Ellison

Bryce Aberg

Matthew Leupold

Ashley Tassano

FLORIDA

Mike Davis

Rick Brugge

Rick Colon

Dominic Montazemi

SOUTHWEST

Jim Carpenter

Jud Clements

Robby Rieke

Trevor Berry

NORTHEAST

Gary Gabriel

Gerry Blinebury

Kyle Schmidt

Jon Carpenter

Graham Savage

SOUTHEAST

Stewart Calhoun

Casey Masters

Ryan Bellows

Drew Stanford