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CBK Completes $100+ Million Industrial Portfolio Sale for Panattoni
Colliers Bennett & Kahnweiler , 2008-03-06
by Aimee Course

Rosemont, IL

Jeffrey F. Kahan, Principal; Steven C. Disse, Principal; Jeffrey B. Devine, Principal; and David Egan, Senior Associate, all with Colliers Bennett & Kahnweiler Inc.’s Investment Services Group, represented a joint venture between Panattoni Development Company and LaSalle Investment Management in the sale of a four-building, 1,928,378-square-foot industrial portfolio located in the Chicago area’s I-55 industrial corridor. The $100+ million sale transaction closed in February 2008 and the buyer was Heitman American Real Estate Trust. The sale stands as the largest transaction in the I-55 Corridor industrial sub-market in the past 10 years. The buildings are all located in Romeoville’s Windham Lakes Southwest Business Park.

Building detail is as follows:

1701 Normantown Road, Romeoville, IL814,848 SF
1401 Normantown Road, Romeoville, IL 716,318 SF
1601 Normantown Road, Romeoville, IL260,605 SF
1801 Normantown Road, Romeoville, IL136,607 SF

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.

Contact Information

Aimee Course
Director of Marketing
Colliers Bennett & Kahnweiler
847-698-8243
acourse@colliersbk.com

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