EnTrust completes the sale of O’Hare Industrial Land
EnTrust Realty Advisors completed the sale of 8.55 acres in the Lake Center Corporate Park near O’Hare airport in Mount Prospect, IL to a joint venture between Dayton Street Partners and Black Creek Group. Occupying a prime site at the intersection of Algonquin (Route 62) and Elmhurst Roads (Route 83) and just minutes from O’Hare International Airport, the site is part of Lake Center Corporate Park and one of the last remaining development pads available in the infill O’Hare industrial submarket. The joint venture is building a 132,270 square foot multi-tenant speculative industrial development, known as O’Hare DC III. The building design will feature 32-foot ceiling clearances and an expandable number of loading docks.
This successful sale points to EnTrust’s expertise in executing industrial development transactions and our ability to identify the appropriate capital groups who want to capitalize on the thriving Chicago industrial market.