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O'Hare Industrial Properties Draw in Investors

CHICAGO—The market for industrial properties around the airport is extremely tight, and buyers that need safe investments are moving in.

By Brian J. Rogal | brianjrogal | Updated on June 07, 2016

chi-ThorndaleCvr (2) The property sits at the western edge of O’Hare International Airport.

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.

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