Brad Beanblossom Of NW1 Partners Acquires Eight Industrial Properties From Tim McCahill & Jim Kurtzweil For $74.1M

The transaction involved eight industrial outdoor storage and truck parking sites located in the Chicago area, including addresses such as 3000 East 106th Street, 301 West Oakton Street, 200 West 63rd Street, 2545 West Fulton Street, 1409 Joliet Road, 1806 Terry Drive, 8685 Spring Lake Drive, and 2121 Gould Court. The total sale price for this transaction was $74,100,000, with a notable investment of $23.1 million for a 29.5-acre yard at the 3000 East 106th Street location. The asset type is classified under industrial and is situated within the markets of Chicago, Des Plaines, Westmont, Lemont, Joliet, Mokena, and Rockdale, IL.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,100,000
• Buyer: Brad Beanblossom - NW1 Partners
• Seller: Tim McCahill & Jim Kurtzweil - Transport Properties
• Specific Property: 3000 E. 106th Street (29.5-acre yard) purchased for $23.1 million

The deal reflects a trend of increasing institutional investment in outdoor storage, driven by rising demand attributed to data center and infrastructure construction, along with a constrained urban supply, resulting in a significant rent increase of 32% over the last five years.