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Welsh Buys Two Properties As Part of Midwest Expansion

EDEN PRAIRIE, MN-WelshInvest buys Fountain Pointe in St. Louis and 450 Lombard in Chicago; the company is looking for Midwest industrial properties with "good clear height and location."

By Jim McCartney | Updated on June 22, 2005

(To read more on the industrial market, click here.)

EDEN PRAIRIE, MN-WelshInvest, the investment subsidiary of Welsh Cos., recently purchased two large industrial properties located in Chicago and St. Louis as part of its plan to ramp up its investments in the Midwest region.

Fountain Pointe, which totals a little more than 114,000 sf is located in is within the St. Charles submarket of St. Louis. The Chicago property is located at 450 Lombard, consists of 156,000 sf and is part of the O’Hare submarket. Jeff Josephs of the Chicago office of WelshInvest said his company has plans to reposition the property.

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