CHICAGO–Many of the people that work in the US industrial market have started to believe that the current upward cycle will soon come to an end. But Steven C. Disse, principal with Colliers International's Chicago-based investment services group, says in Chicago at least, there is a way to go, especially when it concerns the market for investments.
Along with Jeffrey B. Devine, another Colliers principal, he just represented Heitman in the sale of a seven building, 642,000 square foot portfolio in the Chancellory Business Park located in suburban Wood Dale and Elk Grove Village, to LaSalle Investment Management, and says the deal was significant in several ways.
The portfolio sold at a sub-5.0% cap rate, for example, and that shows how Chicago "is a 5.0 to sub-5.0 market when it comes to the very best stuff. The user market has recovered and investors are reponding to that."
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
