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

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.