Dalfen Industrial announced the acquisition of a multi-tenant industrial property at 1341–1371 Howard St. in Elk Grove Village, Ill., in Chicago’s O’Hare submarket.
Built in 1990, the property offers immediate access to Interstate 90, I-290, I-294 and O’Hare International Airport. The asset is 75 percent leased and includes a move-in-ready vacancy, offering near-term value-creation opportunities. Each suite features both dock-high and drive-in loading. The surrounding corridor is home to major global operators, including Amazon and FedEx.
“This acquisition reflects our continued conviction in the strength and resiliency of the O’Hare submarket,” said Mike Cohen, head of acquisitions. “The property’s functional design, strong tenant roster and strategic location make it an excellent addition to our growing Chicago portfolio. We believe there is meaningful upside through lease-up of the remaining vacancy and continued rental growth in this supply-constr
