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The three-building industrial portfolio totaling 500,081 square feet is located in the Green Bay, WI and Northeastern Pennsylvania MSAs and are all 100% leased to Progressive Converting, Inc.
CBRE reports that the O'Hare industrial market remains one of the region's tightest sectors, with a very low vacancy of 2.1%, well below the market average of 3.6%.
The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.