California State Teachers’ Retirement System Acquires Weber55 Logistics Park In Romeoville For $114M

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.