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CHICAGO-Centrum Properties has purchased three industrial properties, built between 1989 and 1992, from an affiliate of GE Commercial Finance. Terms of the sale of Bradley Place Business Center were not disclosed, says U.S. Equities, which represented the seller.

The 152,000-sf complex, at 2630 W. Bradley Place, sits on nearly nine acres of land along the north branch of the Chicago River in the Addison Industrial Corridor. The property was marketed for continued use as an industrial facility, but with the possibility of a site redevelopment for a different use, according to a U.S. Equities statement. The company could not be reached for comment.

According to Colliers Bennett & Kahnweiler Inc., the average asking price for industrial property in the Chicago North area is $53.54 per sf, with an average lease rate of $6.04, one of the highest rates in the region.

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