9/24/2007

CBRE purchases suburban Chicago industrial property for $17.88 million

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530 W. North Frontage Rd.

CB Richard Ellis Realty Trust purchased Bolingbrook Point III, a 185,045 square-foot warehouse distribution building in Bolingbrook, Ill., for $17.88 million.

The industrial property was built in 2006 and is located at 530 W. North Frontage Rd. Located in the 46-acre Bolingbrook Point Corporate Center, the building was 100 percent leased at the time of sale to Compass Group USA, Inc., a food services company, and Kraus Floors LLC, a joint venture between Kraus Carpet Mills and The Tarkett Group.

Compass Group occupies 98,414 square feet while Kraus has leased 86,631 square feet. Both are long-term leases.

CB Richard Ellis Realty Trust invests primarily in office, retail, industrial and multifamily properties.

Address: 530 W. North Frontage Rd., Bolingbrook, Ill.

Size: 185,045

Built: 2006

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Filed Under: Industrial

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