Westmount Realty Capital added 391,000 square feet of industrial space to its Chicago-area holdings last month.
The Dallas-based investor purchased a nine-building industrial portfolio in the Interstate 55 corridor in North DuPage County, the Chicago Business Journal reported Financial terms of the deal were not disclosed.
The acquisition, called the Chicago Shallow-Bay portfolio, was 91 percent leased at the time of the transaction. Westmount’s industrial footprint in the region grew to 4.8 million square feet with this acquisition.
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