BOLINGBROOK, IL-Chicago-based Heitman LLC has bought a distribution facility in southwest suburban Bolingbrook for $34.6 million. The real estate investment manager purchased the 747,152-square-foot building in the Carlow Corporate Center at 901 Carlow Drive from New York-based TIAA-CREF.
Home Depot Inc. has fully leased the distribution center and its lease will expire in 2013. TIAA-CREF purchased the property in 2007 for $44 million. New York-based Cushman & Wakefield Inc.'s local office brokered the deal on behalf of TIAA-CREF. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.