Exeter Property Group Acquires Industrial Asset In Chicago From Blackstone For $65.8M

An industrial property located at 18801 Oak Park Avenue in Chicago has been sold in a recent transaction. The property, spanning 915,640 square feet, was acquired by Exeter Property Group for a total sale price of $65,800,000. The sale price per square foot was $72. The transaction took place on January 11, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $65,800,000
• Address: 18801 Oak Park Avenue, Chicago
• Square Footage: 915,640
• Sale Price per Square Foot: $72
• Buyer: Exeter Property Group - Edward Fitzgerald
• Seller: Blackstone - Stephen Schwarzman

Edward Fitzgerald of Exeter Property Group represented the buyer in the transaction, while Stephen Schwarzman of Blackstone represented the seller.