Transwestern Development Co. has sold a 178,516-square-foot industrial property on behalf of TDC Franklin Park Partners, a partnership with one of Transwestern Investment Group’s (TIG®) accounts.
The building, which is located at 9100 Belmont Ave. in Franklin Park, Ill., was acquired by a global real estate investment manager.
“We saw an opportunity to capitalize on the continued robust demand for quality, modern infill distribution space,” said Kevin Mohoney, vice president at TDC. “This property presented a compelling opportunity to acquire a newly constructed, state-of-the-art facility in Chicago’s top-performing submarket, and we’re thrilled that our successful exit has delivered a significant return for our equity partner.”
The sale marks the culmination of TDC’s successful assemblage of three off-market sites in 2018 that created a compelling 10.5-acre infill redevelopment site in the O’Hare submarket. With the shell completed in Decembe
