American Realty Advisors Buys New Spec
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The I-88 Gateway Logistics Center in suburban North Aurora
CHICAGO—The I-88/Fox Valley submarket has become quite popular with industrial users, and investors are following in their wake. American Realty Advisors has just acquired the I-88 Gateway Logistics Center, a 604,565-square-foot industrial property that the Opus Group and USAA Real Estate Co. built on a speculative basis in late 2014. The price was not disclosed.
As reported in GlobeSt.com, Woodridge, IL-basedMidwest Warehouse & Distribution System, Inc. quickly agreed to occupy the entire building through 2022, the submarket’s largest lease of 2015…