(Read more on the industrial market.)
FRANKLIN PARK, IL-TA Associates Realty, headquartered in Boston,has acquired a 325,000-sf industrial building at 3708 N. River Rd.The seller was CenterPoint Properties, based in Oak Brook, saysBrian Colson, executive vice president with NAI Hiffman'sindustrial services group.
Colson and Lawrence Goldwasser, also with NAI Hiffman,represented both CenterPoint and TA Associates in the transaction.Colson would not disclose a sales price but said that it was "farbelow" the more than $100 per sf to construct a similar building inthe area. Sources peg the amount at around $22 million. A cap ratewas not disclosed.
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