Prologis Acquires Industrial Property In Romeoville For $98M

Prologis has recently acquired an industrial property located at 901 Bluff Road in Romeoville. The transaction, which took place on August 11, 2020, involved the purchase of a 1,300,000 square foot asset. The property was sold by Macquarie Real Estate for a total price of $98,000,000, resulting in a price per square foot of $75.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $98,000,000
• Square Footage: 1,300,000
• Price Per Square Foot: $75
• Market: Romeoville

The deal was facilitated by Jeff Devine and Steve Disse from Colliers International who represented both the buyer, Prologis, and the seller, Macquarie Real Estate, in the transaction.