Updated Dec 11, 2025
JFC International Acquires TDC I-90 Logistics Center In West Dundee For $33.5M From Larry Heard
$33,500,000
$131/SF
Building Size
255,000 SF
Asset Type
Industrial
Closing
Dec 10, 2025
About this deal
AI
The industrial asset involved in this transaction is the TDC I-90 Logistics Center, a newly built facility located at 4101 Canterfield Pkwy East in West Dundee. The property encompasses 255,000 square feet and has been sold for $33,500,000, resulting in a price per square foot of $131.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $33,500,000
- Address: 4101 Canterfield Pkwy East
- Market: West Dundee
- Buyer: JFC International
- Seller: Larry Heard - Transwestern Development Co.
- Square Footage: 255,000
- Price per Square Foot: $131
- Acquisition Cost of Land: $2,000,000
- Construction Loan Amount: $21,000,000
In this deal, JFC International acquired the property from Larry Heard, representing Transwestern Development Company. The transaction is indicative of the current strength in Chicago's industrial market, with recent trends showing a rise in speculative development.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93