Blackstone Group Acquires Industrial Properties In McCook, Northlake, Glendale Heights, And Bensenville For $151M

Blackstone Group has acquired a portfolio of industrial properties in McCook, Northlake, Glendale Heights, and Bensenville for a total price of $151,000,000. The assets include 8801 West 47th Street, 400 North Wolf Road, 125 Wall Street, and 500-510 Country Club Drive, with a combined square footage of 1,100,000. The purchase price per square foot is $137.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $151,000,000
• Buyer: Blackstone Group
• Seller: CenterPoint Properties
• Address: 8801 West 47th Street, 400 North Wolf Road, 125 Wall Street & 500-510 Country Club Drive
• Market: McCook, Northlake, Glendale Heights, Bensenville
• Square Footage: 1,100,000
• Price Per Square Foot: $137

The acquisition was completed on 03/01/2021. Blackstone Group, a prominent real estate investment company, made the purchase from CenterPoint Properties. Bob Chapman and Stephen A. Schwarzman represented the parties involved in the transaction.