PSP Partners Acquires Industrial Property In Waukegan For $19.5M

The industrial property located at 1535 South Lakeside Drive in Waukegan has been sold. The transaction took place on January 6, 2023. The property, spanning 173,000 square feet, was sold for a total price of $19,500,000, resulting in a price per square foot of $113. The buyer was PSP Partners, represented by Penny Pritzker. The seller was Thermoflex, represented by Robert Price.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,500,000
• Date: 01/06/2023
• Address: 1535 South Lakeside Drive, Waukegan
• Market: Waukegan
• Buyer: PSP Partners - Penny Pritzker
• Seller: Thermoflex - Robert Price
• Square Footage: 173,000
• Price per Square Foot: $113

Penny Pritzker, representing PSP Partners, acted as the buyer in this transaction, while Robert Price, representing Thermoflex, acted as the seller. This sale represents a significant deal in the industrial property market in Waukegan.