Westmount, Stockbridge JV Acquire 1.7M SF in Chicago Region

The portfolio includes 38 buildings in the Chicago’s submarkets of O’Hare, Lake County and Elgin. With its latest purchase, Westmount now has a portfolio of more than 6.3 million square feet of industrial space in Chicagoland.

CHICAGO— A joint venture of Dallas-based Westmount Realty Capital and real estate investment management firm Stockbridge of San Francisco has acquired a 1.7-million-square-foot light industrial portfolio in the Chicago region.

Stockbridge acquired the portfolio on behalf of the firm’s Value Fund III, a closed-end value-add vehicle. The portfolio includes 38 buildings in the Chicago’s submarkets of O’Hare, Lake County and Elgin. With its latest purchase, Westmount now has a portfolio of more than 6.3 million square feet of industrial space in Chicagoland.

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