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Jeffrey C. Hines Acquires Bolingbrook Industrial Facility From Neil P. Doyle For $29.5M

Property Image
SOLD
$29,500,000
Jeffrey C. Hines
Neil P. Doyle

Illinois

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Industrial404,000 SF
Sold 07/16/2025
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Property Image
SOLD

Jeffrey C. Hines Acquires Bolingbrook Industrial Facility From Neil P. Doyle For $29.5M

555 Saint James Gate

See Similar Deals
Industrial404,000 SF
Sold 07/16/2025
Jeffrey C. Hines
Neil P. Doyle
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$73
Total Square Footage:404,000 SF
Transaction Type:Sale

The industrial asset, located at 555 Saint James Gate in Bolingbrook, was sold for $29,500,000. The property spans 404,000 square feet, resulting in a price per square foot of $73.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $29,500,000
  • Buyer: Jeffrey C. Hines
  • Buyer's Agency: Hines
  • Seller: Neil P. Doyle
  • Seller's Agency: TradeLane Properties
  • Square Footage: 404,000
  • Price per Square Foot: $73
  • Market: Bolingbrook

This transaction represents a significant gain for the seller, Neil P. Doyle, with a $5 million increase since 2021. Despite the cooling industrial market, leasing activity and high-value deals, particularly related to AI and data centers, continue to exhibit strength in the Chicago area.

Players

Jeffrey C. Hines
Hines
Jeffrey C. Hines
25 deals$3.8B volume
BUYER
Hines
Hines
BUYER
Neil P. Doyle
Neil P. Doyle
9 deals$186.4M volume
SELLER
TP
TradeLane Properties
SELLER

Details

SOLD
IMAGE: Jeffrey C. Hines & Neil P. Doyle DATE: 07/16/2025 ADDRESS: 555 Saint James Gate MARKET: Bolingbrook ASSET TYPE: Industrial BUYER: Jeffrey C. Hines - Hines (@Hines) SELLER: Neil P. Doyle - TradeLane Properties SALE PRICE: $29,500,000 SF: 404,000 ~ PPSF: $73 NOTE: Hines bought a 404,000 SF Bolingbrook distribution center from TradeLane Properties for $29.5M, marking a $5M gain for the seller since 2021. Despite a cooling industrial market, leasing activity and high-value deals—especially tied to AI and data centers—remain strong across the Chicago area.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$104,807.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$139,845.05
Annual Debt Service$1,678,140.60