(Read more on the industrial market.)
ITASCA, IL-ML Realty Partners LLC, based here, has purchased a1.9-million-sf industrial portfolio from CenterPoint Properties,based in Oak Brook, IL. The purchase price was $122 million, MLRealty Partners president and CEO Michael Luecht confirms. A caprate was not disclosed. Colliers Bennett & Kahnweilerrepresented CenterPoint Properties in the transaction.
The portfolio consists of 21 industrial buildings, with 16buildings throughout the Chicagoland area and five buildings inMilwaukee. Some of the Chicagoland buildings are located in St.Charles, Elk Grove Village, Arlington Heights, Franklin Park,Glendale Heights and Elmhurst, Luecht says. The buildings are 90%leased. The portfolio includes both single-tenant and multi-tenantbuildings, Luecht says.
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