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CHICAGO—The market for the smaller and older industrial properties that populate much of suburban Chicago has improved enough that investors will even seek out buildings with high vacancy rates. Value Industrial Partners, a Chicago-area property owner which specializes in this class of industrial buildings, recently closed the purchase of a 33,332-square-foot multi-tenant building located at 2201-2207 Lively Boulevard in Elk Grove Village that was only 25% leased at the time of purchase.

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