描述

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the Bridgeview Industrial Portfolio (the "Portfolio", the "Properties", or the "Offering"). The Portfolio consists of three industrial assets totaling 501,633 square feet. Currently 30% leased to two tenants, the Offering presents investors with outsized value-add upside through vacancy lease-up and extremely well located Chicago assets at a steep discount to today's replacement cost.

Bridgeview, in the South Suburbs JLL submarket, is strategically positioned between I-55 and I-294, with proximate access to the CSX Intermodal Yard in Bedford and Chicago's Midway International Airport. This transportation infrastructure, coupled with outstanding exposure to Chicago's vast labor pools, drove nearly 1 MSF of net absorption to the submarket in 2025 and maintained its sub-4% vacancy rate. With a severely muted development pipeline and a lack of competing availabilities, the submarket is poised for future growth and leasing velocity.

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属性

Buidlings

建筑总面积

46,603 平方米

建成年份

1979

Year Renovated

2003

占用率

30%

沃尔特

3.7 年

Bridgeview Industrial Portfolio (3个物业)

媒体

投资亮点

Immediate Value-Add Opportunity at a Significant Discount to Replacement Cost
At 30% occupancy, investors will capitalize on Chicago's outstanding leasing fundamentals and immediately boost going-in yields through successful lease-up.
Additional Income Generated by Trailer Parking
The large trailer yard north of 7830 W. 71st St. offers investors more parking capacity that bolsters Portfolio income.
Embedded Tenancy Backstop
The Portfolio's in-place tenants are highly committed to the Bridgeview market.
With expirations in 2029 and 2030 for Heniff and Golden Grain, respectively, both tenants have a high likelihood of renewal.