Prologis Acquires 70K SF Industrial Property In Chicago For $12M

Prologis, a real estate investment company, has recently acquired an industrial property in Chicago for a price of $12,000,000. The property, located at 455 N. Ashland Avenue, comprises a total area of 70,000 square feet. With a price per square foot of $171, this transaction represents a significant investment in the Chicago market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,000,000
• Buyer: Prologis
• Seller: Peppercorn Capital - Phil Denny
• Address: 455 N. Ashland Avenue
• Market: Chicago

Prologis, known for its expertise in industrial real estate, has made a smart investment in the Chicago market by acquiring the industrial property at 455 N. Ashland Avenue. The seller of the property was Peppercorn Capital, represented by Phil Denny. This strategic move by Prologis showcases its commitment to expanding its portfolio in key markets such as Chicago.