Industrial Midwest

ML Realty acquires Chicago property

ML Realty Partners has acquired a 162,915-square-foot industrial building in Chicago, Ill.

ML Realty Partners has acquired a 162,915-square-foot industrial building in Chicago, Ill.

The property located at 929 Exchange Avenue is a multi-tenant industrial facility situated on a nine acre parcel of land in the Stockyard area of Chicago in Cook County, Illinois.  The building has convenient access to Interstate 55 to the north and Interstate 90 (Dan Ryan Expressway) to the east.  The facility is currently 100 percent leased.

“Close proximity to the City of Chicago and its diverse workforce, coupled with an excellent transportation infrastructure, were all factors in acquiring this industrial building,” said Ryan Hesch, vice president of ML Realty Partners.

Victor DeBoer and Pat Shannon of Darwin Realty and Development represented the buyer, ML Realty Partners, who acquired the property entirely with equity.