CHICAGO – February 6, 2025 – Westmount Realty Capital, a leading private real estate investment firm specializing in commercial and industrial properties for over 40 years, announces the acquisition of a portfolio of nine light industrial properties located across the Chicago Metropolitan Statistical Area (MSA) called the Chicago Shallow-Bay portfolio. This investment enhances Westmount’s growing footprint in the Midwest and strengthens its position as a key player in the region’s industrial real estate market.
The portfolio, comprising over 390,781 square feet of industrial space, is strategically located in four of the highest-performing submarkets in the Chicagoland area, including the I-55 Corridor and North DuPage County. Currently, the portfolio is 91% leased to 37 tenants spanning 28 diverse industries including office, medical and automotive suppliers, home restoration and more, reflecting the sustained demand for industrial space, driven by the expansion of supply chain networks and last-mile delivery operations.
“For 40 years, Westmount has built a legacy of growth and value creation through strategic acquisitions in thriving markets. Our decision to invest in the Chicago Shallow-Bay Portfolio underscores this commitment, as these submarkets consistently outperform the greater Chicago industrial market and confirm the strong demand for these prime locations,” Brian Scruggs, managing director of industrial acquisitions at Westmount Realty Capital. “With rising demand for proximity to urban centers and a constrained supply, momentum for shallow bay industrial properties continues to accelerate. The growing need for logistics infrastructure to support online shopping is expected to sustain demand for warehousing and distribution facilities well into the future, making this acquisition a valuable asset in our portfolio for years to come.”
As the cultural hub of the Midwest, Chicago is the third largest metro area in the U.S. and serves as a critical logistics hub due to its central location in the country. The city provides access to a vast network of rail, road, air, and waterways, including six Class I North American railroads, major freeways and one of the busiest cargo airports in the world, O’Hare International Airport. This connectivity makes it an ideal location for supply chain and logistics operations. According to JLL, the Chicago MSA is the second-largest industrial market in the U.S., and is the market to watch in 2025.
Westmount has a 40-year history of executing successful acquisitions and developments, with a large portfolio of commercial and multifamily properties in the United States.
About Westmount Realty Capital
Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for 40 years. Westmount is seen as an innovator and leading-edge company in the industry and is a relationship-driven trusted operating partner of numerous U.S. and foreign institutional and private capital sources. The company is active within the U.S., specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles.
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Westmount Realty Capital, LLC
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