KKR Acquires Industrial Property In Chicago Heights For $28M

The industrial property located at 1101 Arnold Street in Chicago Heights has been sold for a price of $28,000,000. The property spans a total area of 350,000 square feet, resulting in a price per square foot of $80. The transaction was completed on March 16, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Square Footage: 350,000
• Price per Square Foot: $80
• Address: 1101 Arnold Street, Chicago Heights
• Market: Chicago Heights

The buyer in this transaction is KKR, represented by Joseph Bae, while SunTrust Equity Funding served as the seller. Joseph Bae from KKR played a key role as the buyer's representative in the deal.