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Big Industrial Portfolio Up for Sale

CHICAGO—The lack of available A space has many investors looking at older industrial product, and Joe Reina has decided now is the time to put this older suburban portfolio on the market.

By Brian J. Rogal | Updated on September 08, 2013

CHICAGO—Although the economic recovery has resulted in some new industrial projects getting off the drawing board, many submarkets in the metropolitan area still have not seen the start of new construction. And that has provided an opportunity for potential sellers as investors look for deals beyond the most modern class A space.

NelsonHill, for example, was just named the exclusive agent for the disposition of a multi-tenant industrial portfolio consisting of three buildings, two of which were first built in the 1960′s, totaling over 653,190-square-feet. Joe Reina owns these suburban Broadview and Melrose Park properties.

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