Sam Pollock's Brookfield Acquires 2425 Busse Road Industrial Property In Elk Grove Village For $83.5M | 2425 Busse Road | Industrial | Sale

Summary

Sale

ILLINOIS

Industrial

163,800 sqft

The ORD2 building located at 2425 Busse Road in Elk Grove Village has been sold in a transaction valued at $83,500,000. The industrial property spans across 163,800 square feet, resulting in a price per square foot of $510. The sale took place on 02/05/2024.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $83,500,000
Address: 2425 Busse Road
Market: Elk Grove Village

The buyer of the property is Sam Pollock from Brookfield, while Deutsche Bank acted as the seller. This acquisition aligns with Brookfield's strategy to expand its data center portfolio, following the purchase of Cyxtera Technologies. With the addition of the ORD2 building near Chicago's O'Hare International Airport, Brookfield now owns over 50 data storage locations primarily in North America.

Details

Deal Summary

SOLD

IMAGE: Sam Pollock DATE: 02/05/2024 ADDRESS: 2425 Busse Road MARKET: Elk Grove Village ASSET TYPE: Industrial BUYER: Sam Pollock - Brookfield SELLER: Deutsche Bank (@DeutscheBank) SALE PRICE: $83,500,000 SF: 163,800 ~ PPSF: $510 NOTE: Brookfield adds to its data center portfolio with the $83.5 million acquisition of the ORD2 building near Chicago's O'Hare International Airport, part of its strategy following the purchase of Cyxtera Technologies. This aligns with Brookfield's goal of expanding its presence in the data storage sector, now owning over 50 locations primarily in North America.

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Address2425 Busse Road

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