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

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.