The Portfolio offers a unique collection of six (6) adjacent assets within the same business park setting on the I-80 Corridor. Occupancy currently sits at 100% with the average tenant tenure within the Portfolio exceeding four (4) years. In-place rental rates are up to 20% below market, leaving ample opportunity to increase Portfolio NOI. The Portfolio has varying lease-roll between five (5) months and nine (9) years, with plenty of demand in the densely populated East I-80 corridor.
Jones Lang LaSalle (“JLL”), as exclusive advisor, has been retained to market for sale the fee-simple interest in the Tinley Park Industrial Portfolio (the “Portfolio”), comprised of six properties totaling 562,709 square feet (the “Offering”) located in one of the most institutional submarkets in Chicago, IL. The Offering represents the opportunity to acquire a high quality, well-located, light industrial portfolio with a diverse mix of local, regional and national credit tenancy in the Chicago market.