Updated Sep 16, 2026
Terry Fancher Of Stockbridge Acquires Industrial Property From Lowell Baron Of Brookfield Properties For $86.5M
1125 Remington Boulevard
$86,500,000
$112/SF
Building Size
767,161 SF
Asset Type
Industrial
Closing
Sep 15, 2026
About this deal
AI
The industrial property at 1125 Remington Boulevard in Romeoville, IL, was sold for $86,500,000. The facility spans 767,161 square feet, resulting in a price per square foot of $113.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $86,500,000
- Buyer: Terry Fancher - Stockbridge
- Seller: Lowell Baron - Brookfield Properties
- Lease: Amazon extended lease for 10 years through September 2036 with 2.75% annual rent increases.
The buyer, Terry Fancher, is affiliated with Stockbridge, while the seller, Lowell Baron, represents Brookfield Properties. This transaction involved a long-term tenant in Amazon, which has occupied the property since 2016.
Players
Romeoville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93