CHICAGO—Demand is intensifying for industrial properties in the Chicago metro area, but few submarkets can match the demand for space now happening around O'Hare International Airport, and both coastal and foreign investors are looking for deals. XEBEC Realty Partners, for example, a private commercial real estate investment firm based in Seal Beach, CA, has just purchased a 73,246-square-foot industrial building at 800-820 Thorndale Ave. in Bensenville. The sale price was not disclosed.
Sales like this have become common, even for class B buildings. As reported in GlobeSt.com, Westmount Realty Capital, LLC and Switzerland-based Partners Group just purchased an industrial portfolio that includes 14 class B properties located near the airport.
Avison Young principals Erik Foster and Mike Wilson negotiated the sale of 800-820 Thorndale Ave. on behalf of the seller. The fully-leased building, which was owned by an institutional investor, is located along the western entrance to the airport.
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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.
