Greenstone Partners, as Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in the Small Bay Multi-Tenant Industrial Portfolio (the “Portfolio” or “Investment”), comprised of two multi-tenant industrial buildings totaling 92,595 rentable square feet at 2200 Ogden Avenue in Lisle, Illinois and 3170 MacArthur Boulevard in Northbrook, Illinois.

The Portfolio pairs stabilized in-place income with multiple avenues for NOI growth, including lease-up of the remaining 8.74% of vacant space and contractual rent escalations. Most notably, Sign Outlet Store’s rent is scheduled to rise 25% in December 2027, which is not yet reflected in current NOI. A diversified roster of seven tenants spans wholesale distribution, marketing services, food production, and technology, where the tenant base has a 5.5-year average remaining lease term, a 9.7-year average tenure, and a strong history of renewals and expansions. Sign Outlet Store has occupied its space for more than 25 years and Allegra for more than 15 years, while Pure Processing’s new eight-year lease and Funky Junque’s 3,341-square-foot expansion demonstrate continued demand. With in-place rents below market, ownership can also capture mark-to-market upside in two established industrial submarkets where vacancy for properties of 75,000 square feet or less is 3.8%.

The assets feature efficient footprints with functional layouts, abundant natural light, flexible suite configurations, 16-foot clear heights, and efficient loading. A recently completed roof replacement at 3170 MacArthur, backed by a 20-year warranty, reduces capital needs, while the Portfolio’s basis below replacement cost provides an attractive entry point.

Located within the I-88 Corridor and North Cook County submarkets, the Portfolio offers strong infill positioning in established suburban communities surrounded by major employment centers. With 2200 Ogden near I-88 and I-355 and 3170 MacArthur near I-294 and I-94, both properties benefit from immediate interstate access and connectivity throughout the Chicago MSA.