Midwest Industrial Funds Announces Key Hire and New Investment Fund

Oak Brook, IL –  September 2017 – Midwest Industrial Funds announced James E. “Jed” Degnan III has joined the company as the Director of Acquisitions.  In this new role, Degnan’s main responsibility will be to help source, underwrite, coordinate due diligence and close on building acquisitions in conjunction with the firm’s latest fund they have raised.  This new discretionary fund will allow Midwest Industrial to purchase over $100 million worth of industrial properties over the next few years.  The fund will target 50,000 SF and larger single, multi-tenant, value-add and stabilized industrial properties primarily in the greater Chicagoland markets including eastern Wisconsin and northern Indiana.  Midwest Industrial’s last fund acquired 14 separate investments of which three have already been resold by the brokers who originally sourced the opportunities.

“We are thrilled for Jed to join our growing company.  He has an outstanding reputation in the market for his integrity, work ethic, entrenched relationships and passion for the real estate investment business.  We are confident Jed will flourish with our company and help us take a more proactive and responsive approach with the brokerage community who is so important to helping us source and close deals.  His market knowledge and relationships outside of Chicagoland are a plus as well, in order for us to diversify this latest Fund and acquire properties in other markets,” said Justin Fierz, Principal of Midwest Industrial Funds.