Midwest Industrial Funds Recently Purchased a 59,000 SF Manufacturing Building

Midwest Industrial Funds recently purchased a 59,000 SF manufacturing building located on 4+ acres of land located at 700 Chase, Elk Grove Village, IL from a private investor.  The property is fully leased to Acme Industries which has been in business since 1948 and employs a few hundred people in the O’Hare area.  Sergio Chapa and Michael Prost, formerly with Lee & Associates, helped source the deal for Midwest Industrial and Rick Delisle of RD Strategic represented the seller.

“We are pleased to acquire this 100% leased property located in the heart of the O’Hare Submarket,” said Justin Fierz, Principal of Midwest Industrial.  “Acme is a very solid manufacturing company with an entrenched operation in the facility.  Additionally, we really like the extra land component and the future redevelopment potential of this property.”  It is the third acquisition in Midwest Industrial’s recently formed discretionary fund they co-invest in and manage.

************************************************************************************************************

Midwest Industrial Funds is a vertically-integrated industrial real estate investment, development and asset management company that has acquired or developed over 2.5 million square feet of industrial buildings and over 150 acres of land valued in excess of $100 million since 2000.