SOLD
California State Teachers’ Retirement System Acquires Weber55 Logistics Park In Romeoville For $114M
21 & 121 North Weber Road
Industrial
1,800,000 SF
1,800,000 SF
Sold 210 days ago
Summary
Sale
ILLINOIS
Industrial
1,800,000 sqft
The Weber55 Logistics Park in Romeoville, Chicago has been sold for $114 million. The buyer, The California State Teachers' Retirement System (CalSTRS), acquired the property from Molto Properties. This industrial asset spans over 55 acres and includes two buildings, totaling approximately 900,000 square feet of space.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $114,000,000
- Square Footage: 900,000
- Address: 21 & 121 North Weber Road
- Market: Romeoville
The California State Teachers' Retirement System (CalSTRS) was represented by Cassandra Lichnock in the deal, while Todd Naccarato acted as the representative for Molto Properties. This transaction highlights the continuous demand for industrial real estate, despite the current uncertainties and oversupply in the market.
Details
SOLD
IMAGE: Cassandra Lichnock
DATE: 10/12/2023
ADDRESS: 21 & 121 North Weber Road
MARKET: Romeoville
ASSET TYPE: Industrial ~ ACRES: 55
BUYER: The California State Teachers’ Retirement System (@CalSTRS) - Cassandra Lichnock (@CLichnock)
SELLER: Molto Properties - Todd Naccarato
SALE PRICE: $114,000,000
SF: 900,000 ~ PPSF: $127
NOTE: California State Teachers’ Retirement System (CalSTRS) purchased the Weber55 Logistics Park in Romeoville, Chicago, for $114 million from Molto Properties. The massive property includes two buildings with around 900,000 square feet of space on a 55-acre site, demonstrating the ongoing demand for industrial real estate amid broader market uncertainties and oversupply.View on map
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Address 21 & 121 North Weber Road
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