CHICAGO, IL – Institutionally-managed daily NAV REIT, JLL Income Property Trust has acquired a class A, two-building distribution center in the Chicago suburb, Elgin, IL, for $47 million.
The industrial property, Elgin Distribution Center, spans 407,000 square feet of space.
Constructed in 2020, the state-of-the-art buildings are 100% leased with a weighted average lease term of 10 years.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
