CARPENTERSVILLE, IL-A University Park, Florida-based investor has purchased a bank-owned warehouse situated in northwest suburban Carpentersville for an amount of $2.65 million. The property was sold by a venture of New York-based J. P. Morgan Chase & Co.
The 97,600-square-foot industrial facility was nearly 75% occupied at the time of closing. Riverwoods-based Podolsky NorthStar CORFAC International was the receiver for the northwest suburban warehouse. The acquisition deal was closed last month. For the full story, go to Crain's Chicago Business .
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