Westmount Realty Capital and Global Gate Capital have acquired a Chicago shallow-bay portfolio, a nine-building, 390,779-square-foot light industrial portfolio located across high-performing infill submarkets in the Chicago metropolitan area.
JLL represented the seller, Unilev Capital, and their partner, Palladius Capital Management affiliate Mandalay Industrial.
The portfolio consists of shallow-bay industrial buildings ranging from 26,500 to 84,058 square feet, with an average size of 55,826 square feet. The properties feature 16.2 percent office space, 20-foot average clear heights and 40 total suites with an average size of 9,673 square feet. Currently 91 percent leased, the portfolio features a diverse tenant lineup and meaningful upside potential through successful leasing.
Located in the I-55 corridor, North DuPage County, Fox Valley and North Cook County submarkets, the portfolio benefits from Chicago's central location and extensive transportation infra
