Shallow bay industrial portfolio in Chicago, IL sold to Westmount Realty Capital
United States, Feb. 10 -- JLL Capital Markets announced the sale of the Chicago Shallow-Bay Portfolio, a nine-building, 390,779-square-foot light industrial portfolio located across high-performing infill submarkets in the Chicago, Illinois metropolitan area.JLL represented the seller, Unilev Capital and their partner, an Palladius Capital Management affiliate, Mandalay Industrial. Westmount Realty Capital and Global Gate Capital acquired the assets.The portfolio consists of shallow-bay industrial buildings ranging from 26,500 to 84,058 square feet, with an average size of 55,826 square feet. The properties feature 16.2% office space, 20-foot average clear heights and 40 total suites with an average size of 9,673 square feet. Currently 91% ...
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