CHICAGO-Gemstone Real Estate Partners LLC has purchased a seven-property industrial portfolio totaling 757,104 square feet from Manulife Financial Corp. for nearly $20 million. The properties are located in Libertyville, Mount Prospect and Northbrook. Cushman & Wakefield Inc. negotiated the deal on behalf of the seller.
In those properties, Gemstone sold three Northbrook properties totaling 269,682 square feet to Trammell Crow Co. and a Libertyville building spanning 254,324 square feet to Zilber Ltd. for an undisclosed price. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.