Fundrise Acquires Industrial Property In Litchfield Park For $82.6M

An industrial property located at 7421 N. Reems Road in Litchfield Park has been sold for a total price of $82,600,000. The property spans 570,080 square feet, resulting in a price per square foot of $145. The transaction occurred on April 10, 2023. The buyer of the property is Fundrise, while the seller is CRG.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $82,600,000
• Square Footage: 570,080
• Price Per Square Foot: $145
• Date: April 10, 2023
• Address: 7421 N. Reems Road, Litchfield Park
• Buyer: Fundrise
• Seller: CRG

The deal was facilitated by Cushman & Wakefield, with brokers Will Strong, Phil Haenel, Micki Strain, Kirk Kuller, and Molly Hunt representing both the buyer and the seller.