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.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $60.5 billion as of Q3 2018 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.