Industrial Properties in Chicago Sell Quickly

Bloomingdale Corporate Center brings needed modern spaces, with 30′ clear ceilings, to the N. DuPage submarket.

CHICAGO—Investors now consider new industrial facilities one of the best assets to own, especially ones in tight Chicago-area submarkets. Barings Real Estate Advisers, acting on behalf of an institutional client, has just purchased Bloomingdale Corporate Center, a trio of buildings in Bloomingdale, IL, just months after they were completed. The 276,250-square-foot, 20-acre industrial business park was developed by IDI Gazeley and built by Peak Construction.

Elise Couston and Adam Marshall, senior managing directors in the NGKF’s Chicago office, represented Barings in the transaction, and NGKF has been awarded the property management assignment of the park. Brit Casey and Al Caruana of Cushman & Wakefield represented the seller, IDI.