CHICAGO-Heitman LLC, a real estate investment manager based in Chicago, has agreed to purchase a portfolio of seven industrial buildings totaling nearly 2.8 million square feet. The company is buying the suburban industrial properties from Northern Builders Inc. of Schiller Park for $138 million or about $50 per square foot.
The size of the seven industrial properties ranges from a 125,000-square-foot structure in Bolingbrook to an 860,100-square-foot warehouse in Joliet. Colliers International is handling the deal on behalf of Northern Builders.For the full story, go to Crain's Chicago Business.
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