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TA Acquires 10-Building Portfolio for $46M

CHICAGO-The industrial buildings total 660,000 sf in Illinois, in the communities of Bensenville, Buffalo Grove, Elmhurst and Wood Dale.

By Gina Kenny | Updated on February 11, 2008

CHICAGO-TA Realty Associates, based in Boston, has acquired a 660,000-sf industrial portfolio. The sales price was $46 million and the cap rate was around 6%, says Ken Szady, executive director with Cushman & Wakefield’s Chicago-based capital markets group.

The seller was a “private partnership in Chicago,” Szady says. “They built it and have owned it for over 20 years.” The majority of the 10 properties in the portfolio are in the O’Hare submarket.

Szady, Jim Carpenter and Joe Voet, all with Cushman & Wakefield’s Chicago-based capital markets group, marketed the portfolio and represented the seller. The portfolio consists of 619 Thomas Dr., 626-630 Thomas Dr., 634-644 Thomas Dr. and 222-230 Sivert Court in Bensenville. The portfolio also consists of 1367-1407 Barclay Blvd., 1250 Barclay Blvd. and 1278-1300 Barclay Blvd. in Buffalo Grove. Additional portfolio properties are located at 949-953 N. Larch Ave., Elmhurst and 571-599 N. Edgewood Ave. and 341-361 Haynes Dr. in Wood Dale.

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