Westmount Realty Capital has acquired nine light industrial properties in the Chicago metropolitan area. Dubbed Chicago Shallow-Bay, the portfolio comprises more than 390,781 square feet of space in four key submarkets, including North DuPage County and the I-55 corridor. These submarkets continue to outperform the Greater Chicago industrial market, according to a company statement.
Twenty-eight industries are represented in the spaces. Cumulatively, the properties are 91 percent leased to 37 tenants. Westmount would not disclose the price or specifics about the assets.
In 2022, Westmount divested an industrial portfolio consisting of 21 buildings near O’Hare International Airport, according to the same source. Its current footprint in the market totals 4.8 million square feet.
That same year, the company also sold a 709,652-square-foot industrial asset in metro Nashville, Tenn. Located at 245 Couchville Industrial Blvd. in Mt. Juliet, in the Wilson County submarket, 840 Logistics Center was fully leased at the time of sale.
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