(DALLAS) July 20, 2015 — Hillwood Investment Properties, a Perot company, through its U.S. Industrial Fund II, has acquired three Class A industrial properties totaling 170,000 square feet in the Southwest/I-55 Chicago submarket of Chicago.
“We purchased these facilities because they are high-quality, industrial properties in a fantastic submarket of Chicago,” said Tom Fishman, Hillwood Investment Properties Executive Vice President. “This acquisition falls in line with our strategy for U.S. Industrial Fund II, which is to acquire and develop high-quality, functional industrial real estate in major U.S. markets.”
Located in Tinley Park, IL, the acquisition consists of three buildings ranging in size from 24,000 to 120,000 square feet. With an average construction date of 2000, the buildings offer modern amenities such as average 25’ clear height, dock high and grade level loading, ample parking and low office build out. The buildings allow for maximum lease up flexibility and tenant expansions with suite sizes that vary from 10,000 to 100,000 square feet.
“We are pleased to acquire these facilities and further expand our presence in the Chicago market,” said Don Schoenheider, Hillwood Investment Properties Senior Vice President. “Chicago is a Tier One industrial market, and this acquisition is a great complement to our recently announced Romeoville Commerce Center development.”