BOLINGBROOK, IL-Chicago-based Heitman LLC has bought a distribution facility in southwest suburban Bolingbrook for $34.6 million. The real estate investment manager purchased the 747,152-square-foot building in the Carlow Corporate Center at 901 Carlow Drive from New York-based TIAA-CREF.
Home Depot Inc. has fully leased the distribution center and its lease will expire in 2013. TIAA-CREF purchased the property in 2007 for $44 million. New York-based Cushman & Wakefield Inc.'s local office brokered the deal on behalf of TIAA-CREF. For the full story, go to Crain's Chicago Business .
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