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EnTrust Sells Speculative Warehouse

CHICAGO—The industrial market in suburban Chicago has picked up speed as investors show interest in speculative properties.

By Brian J. Rogal | Updated on July 15, 2013

CHICAGO—The partial revival of the metro area’s economy got industrial developers to start up a round of speculative construction. And investors have also started to show interest in the new product. EnTrust Realty Advisors, LLC, an affiliate of The Alter Group, for example, just sold 1660 Wall Street, a recently built 108,732-square-foot warehouse and distribution building in suburban Mt. Prospect, to KTR Capital Partners, a New York-based real estate private equity fund manager that specializes in industrial property.  

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