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 is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $68.4 billion of assets in private and public real estate property and debt investments as of Q1 2019. 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. For more information please visit http://www.lasalle.com, and LinkedIn.
NOTE: This information discussed above 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 to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.