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JFC International Acquires TDC I-90 Logistics Center In West Dundee For $33.5M From Larry Heard

Property Image
SOLD
$33,500,000

Illinois

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Industrial255,000 SF
Sold 12/10/2025
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Property Image
SOLD

JFC International Acquires TDC I-90 Logistics Center In West Dundee For $33.5M From Larry Heard

Industrial255,000 SF
Sold 12/10/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$131
Total Square Footage:255,000 SF
Transaction Type:Sale

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

Transwestern
Transwestern
BROKERAGE
JI
JFC International
BUYER
LH
Transwestern
Larry Heard
7 deals$141.1M volume
SELLER

Details

SOLD
IMAGE: Larry Heard DATE: 12/10/2025 ADDRESS: 4101 Canterfield Pkwy East MARKET: West Dundee ASSET TYPE: Industrial BUYER: JFC International SELLER: Larry Heard - Transwestern Development Co. (@Transwestern) SALE PRICE: $33,500,000 SF: 255,000 ~ PPSF: $131 NOTE: Transwestern Development Company sold its newly built 255,000-square-foot TDC I-90 Logistics Center in West Dundee to JFC International for $33.5M ($131/SF), after acquiring the land for $2M in 2022 and securing a $21M construction loan from Comerica Bank. The deal comes as Chicago’s industrial market shows renewed strength, with speculative development surpassing build-to-suit activity and the region posting 1M SF of net absorption alongside steady 5.5%–6.5% vacancy.

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