Hillwood Acquires Industrial Property In Monee For $50.3M

An industrial property in Monee, located at 25101 S. Ridgeland Avenue, has been sold for a price of $50,300,000. The property spans 879,040 square feet, resulting in a price per square foot of $57. Situated on 61 acres, the price per acre amounts to $824,590. The transaction took place on November 20, 2020.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $50,300,000
• Address: 25101 S. Ridgeland Avenue
• Square Footage: 879,040
• Price per Square Foot: $57
• Acres: 61
• Price per Acre: $824,590

The buyer of the property is Hillwood, while the sellers are DeBartolo Development LLC and Location Finders International. The transaction was facilitated by brokers Traci Payette and Stephanie Park from CBRE.