Plymouth Industrial REIT Acquires Niles Industrial Building From Wanxiang America Real Estate Group

The industrial building located at 6035 Gross Point Road in Niles, IL, 60714, spanning 149,474 square feet, was recently sold in a transaction brokered by Avison Young. The property, situated in the Niles market, was fully occupied by Fort Dearborn Co., a manufacturer specializing in labels for consumer goods packaging. The sale was facilitated by Mike Wilson of Avison Young, representing the sellers, Dermody Properties and Wanxiang America Real Estate Group, to the buyer, Plymouth Industrial REIT.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Market: Niles
• Seller's Rep: Mike Wilson (Avison Young)
• Buyer: Plymouth Industrial REIT
• Seller: Wanxiang America Real Estate Group
• SF: 149,474

Erik Foster, also of Avison Young, collaborated with Mike Wilson in representing the sellers during the sale of the industrial building in Niles. The buyer, Plymouth Industrial REIT, a Boston-based company, closed the deal successfully for the property, which is completely leased by Fort Dearborn Co., enhancing their investment portfolio in the Niles market.