RIM Logistics Acquires Industrial Building In Bartlett, Illinois For $44M

Midwest Industrial Funds has sold a 400,112-square-foot industrial building in Bartlett, Illinois, to a private investment group linked to RIM Logistics. The building, located at 1303 Jack Court in the Brewster Creek Business Park, is a Class-A spec building with high-end amenities. The sale price for the property was $44,000,000, resulting in a price per square foot of $110.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $44,000,000
• Address: 1303 Jack Court
• Market: Bartlett
• Square Footage: 400,112

The buyer of the property is Robert Mueller, representing RIM Logistics, who plans to relocate its Chicago-area operations and global headquarters to the site. The seller, Justin Fierz, was represented by Chris Nelson, John Cassidy, and Michael Androwich from Lee & Associates. The transaction was facilitated by broker Dan Smolensky from TMG Real Estate Advisors.

It is worth noting that the sale of this industrial building marks the migration of RIM Logistics to the Brewster Creek Business Park and showcases the efforts made by Lee & Associates brokers in securing the deal.