Midwest Industrial Funds Purchases 72,000 Square-Foot Building

July 17, 2012  |  Credit: Midwest Real Estate News

Lee & Associates recently represented Midwest Industrial Funds in its purchase of 1000 W. Crossroads in Bolingbrook, a 72,000-square-foot multitenant industrial/flex property. Jeff Galante, principal, represented the buyer in the transaction. Lori Saulters of Lagestee-Mulder Realty represented the seller Synergy Property Holdings.

Constructed in 2008, the property sits on 4.5 acres and features I-55 visibility, 21-foot clear ceilings, an ESFR sprinkler system, 133-car parking, as well as dock-high loading and individual grade-level door loading in each unit. It was approximately 33 percent occupied at closing. Galante is the leasing/sales broker for the available 51,000 square feet.