Midwest Industrial Funds Acquires Industrial Facility On Church St In Lake Zurich

An industrial facility comprising 117,000 square feet has been sold in Lake Zurich, located at 800 Church St, approximately 40 miles northwest of Chicago. This facility is situated on a 9.9-acre site and features a clear height of 24 feet, 275 auto parking spaces, eight docks, fully air-conditioned warehouse space, and 19,000 square feet of office space.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 800 Church St, Lake Zurich, IL, 60047
• Market: Lake Zurich
• SF: 117000
• Buyer: Affiliated Entity of Midwest Industrial Funds
• Seller: FCA
• Buyer's Rep: Steve Steinmeyer-JLL, Steve Trapp-JLL
• Seller's Rep: Nicholas Panarese III-Van Vlissingen and Company

Steve Trapp and Steve Steinmeyer facilitated the representation of the buyer, an affiliated entity of Midwest Industrial Funds, during this transaction. The seller, FCA, was represented by Nicholas Panarese III of Van Vlissingen and Company. This deal follows the announcement of Midwest Industrial Funds raising a new real estate investment fund aimed at acquiring over $150 million of industrial properties in the near future.