LaSalle acquires distribution center on Chicago I-55 Industrial Corridor
CHICAGO April 17, 2015 – LaSalle Investment Management (“LaSalle”), a leading global real estate investment manager, announced it has acquired 551 St. James Gate in Bolingbrook, Ill. The 289,357 square foot distribution center is located on 22.5 acres of land and features 32 loading docks, 200’ truck courts, and 105 trailer parking spaces.
Paul White, managing director, LaSalle Investment Management said: “551 St. James Gate is a well-located, well-designed front-load distribution building in the heart of the I-55 Submarket. I-55 is the premier distribution submarket in Chicago and offers excellent highway access to the population base in metro Chicago, as well as the rest of the Midwest. Our tenant LaGrou Distribution Systems, Inc. is a strong regional third-party logistics company serving a number of clients out of this building.”
551 St. James Gate is currently 100-percent leased to LaGrou Distribution Systems, Inc., a regional third-party logistics company. The distribution center is located in Chicago’s I-55 Industrial Corridor and includes significant frontage along the highway.