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Westmount Realty Capital Sells 17-Building Industrial Portfolio In Chicago Area

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SOLD

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Industrial925,391 SF
Sold 02/19/2025
the dealdetailscomps
Property Image
SOLD

Westmount Realty Capital Sells 17-Building Industrial Portfolio In Chicago Area

Industrial925,391 SF
Sold 02/19/2025
the dealdetailscomps

Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:925,391 SF
Transaction Type:Sale

Westmount Realty Capital sold a 17-building light industrial portfolio located in metro Chicago, specifically spanning across the areas of Buffalo Grove, Vernon Hills, and Elgin. The total square footage of the portfolio is 925,391, and it is currently 94% leased to a diverse group of 154 tenants that include Volkswagen, Subaru, and Nexus Pharmaceuticals. The property underwent $6.5 million in upgrades while under Westmount's ownership over a five-year period.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Asset Size: 925,391 square feet
  • Date of Sale: 02/19/2025
  • Seller: Cliff Booth - Westmount Realty Capital
  • Market: Buffalo Grove, Vernon Hills & Elgin

The transaction took place without disclosing the buyer's identity or the transaction price. Cliff Booth, representing Westmount Realty Capital, was involved in the sale, marking a significant move in the industrial real estate market of the Chicago area.

Details

SOLD
IMAGE: Cliff Booth DATE: 02/19/2025 MARKET: Buffalo Grove, Vernon Hills & Elgin ASSET TYPE: Industrial ~ SF: 925,391 SELLER: Cliff Booth - Westmount Realty Capital NOTE: Westmount Realty Capital sold a 17-building, 925,391-square-foot light industrial portfolio in metro Chicago, spanning Buffalo Grove, Vernon Hills, and Elgin. The portfolio, 94% leased to 154 tenants including Volkswagen, Subaru, and Nexus Pharmaceuticals, saw $6.5 million in upgrades during Westmount’s five-year ownership; the buyer and price were undisclosed.

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