5959 West Howard St., Niles, IL 5959 West Howard St., Niles, IL

NILES, IL—Saudi Arabia-based SEDCO Capital has acquired a more than 300,000-square-foot FedEx Ground-leased distribution facility here. The property was purchased via a separate account managed by ElmTree Funds, LLC of St. Louis.

The 306,448-square-foot facility at 5959 West Howard St. was originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81-acre site.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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