{"id":1004388965,"date":"2020-02-07T04:32:33","date_gmt":"2020-02-07T12:32:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004388965"},"modified":"2020-02-07T04:32:33","modified_gmt":"2020-02-07T12:32:33","slug":"black-creek-grows-chicago-industrial-presence","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/black-creek-grows-chicago-industrial-presence\/","title":{"rendered":"Black Creek Grows Chicago Industrial Presence"},"content":{"rendered":"
\"\"<\/a>

2350 Prospect Drive<\/p><\/div>\n

Black Creek Group has acquired a 110,355-square-foot industrial property in the western Chicago suburbs for $8.2 million. Transwestern Commercial Services represented the buyer. Seller IRC International Realty Corp. acquired the facility from The Opus Group for $6.2 million in 2000, according to Yardi Matrix data.<\/p>\n

Black Creek has dramatically increased its footprint in Chicago during the past 12 months. In December, the company acquired a 121,236-square-foot building at Paragon Business Park in Romeoville, Ill., for $13.6 million, according to Yardi Matrix. Following the latest purchase, the investor’s Chicagoland portfolio spans six buildings totaling 1.1 million square feet.<\/p>\n

Built in 2000, the single-story, Class A building includes 38-foot clear heights, exhaust fans and make-up air units. The property has a parking ratio of 0.65 spaces per 1,000 square feet and is fully leased by a transportation and logistics firm.<\/p>\n

Located 35 miles west of downtown Chicago at 2350 Prospect Drive in Aurora, Ill., the facility is a short distance from Interstate 88. More than $265 million in industrial sales closed in the Interstate 88 Corridor submarket in 2019, according to Transwestern, with $205 million occurring within Aurora city limits.<\/p>\n

Transwestern Executive Vice Presidents Justin Lerner and Joe Karmin assisted Black Creek in the purchase. In January, the buyer acquired a 292,466-square-foot Class A warehouse<\/a> in Mount Laurel, N.J., for $32.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The seller, IRC International Realty, had purchased the 110,355-square-foot Class A warehouse in 2000.<\/p>\n","protected":false},"author":868,"featured_media":1004389046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21748,21783,13,21742],"tags":[38162,33142,33313],"class_list":["post-1004388965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-black-creek-group","tag-the-opus-group","tag-transwestern"],"acf":[],"yoast_head":"\nBlack Creek Grows Chicago Industrial Presence - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/black-creek-grows-chicago-industrial-presence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Creek Grows Chicago Industrial Presence\" \/>\n<meta property=\"og:description\" content=\"The seller, IRC International Realty, had purchased the 110,355-square-foot Class A warehouse in 2000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/black-creek-grows-chicago-industrial-presence\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-07T12:32:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/2350-Prospect-Drive.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-creek-grows-chicago-industrial-presence\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/black-creek-grows-chicago-industrial-presence\/\",\"name\":\"Black Creek Grows Chicago Industrial Presence - 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