GID Acquires Industrial Property In Bolingbrook, Chicago For $31M From TA Realty

GID, represented by Gregory Bates, has acquired a 321,000 sq-ft industrial property located at 3-9 Timber Court in Bolingbrook, Chicago. The property was purchased from TA Realty for a total of $31 million. This transaction marks a substantial increase in value since its initial purchase in 2016.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $31,000,000
• Square Footage: 321,000 sq-ft
• Address: 3-9 Timber Court, Bolingbrook, Chicago
• Market: Bolingbrook

Despite a slight rise in vacancy rates due to increased supply in the Chicagoland area, the fully leased industrial building in Bolingbrook remains highly desired. The acquisition by GID showcases their confidence in the property's potential and the continued demand for industrial assets in the market.