Prologis Acquires Fully Leased Industrial Asset In Bolingbrook For $23M

A fully leased industrial property located at 900 Carlow Drive in Bolingbrook, Illinois, has been sold for $23 million. The asset, spanning 240,500 square feet, was acquired by Prologis, the world's largest industrial property investor. The deal was completed in the Bolingbrook market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Square Footage: 240,500
• Price per Square Foot: $96
• Address: 900 Carlow Drive, Bolingbrook

Prologis, represented by Hamid Moghadam, purchased the fully leased asset from Heitman. The sale comes at a time when the industrial market is experiencing a slowdown after its popularity surged in the commercial real estate industry during the pandemic.