Adrian Foley Acquires Bolingbrook Industrial Properties From Stefan Hoops For $98M

The industrial properties located at 340 Crossroads Parkway, 555 & 1125 Remington Boulevard in Bolingbrook have been sold in a recent transaction. The sale price for these properties was $98,000,000. The sites are utilized for general industrial or warehouse purposes and are occupied by tenants like LaGrou Distribution System and Staci Americas.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $98,000,000
• Buyer: Adrian Foley - Brookfield Properties
• Seller: Stefan Hoops - DWS Asset Management
• Market: Bolingbrook
• Address: 340 Crossroads Parkway, 555 & 1125 Remington Boulevard

Brookfield Properties, led by Adrian Foley, acquired these industrial properties in Bolingbrook from Stefan Hoops of DWS Asset Management. The acquisition accounts for a significant investment of $98 million in Chicago's industrial market. The specific plans that Brookfield Properties has for these properties post-acquisition have not been publicly disclosed.