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Ascendas REIT to acquire seven logistics properties in Chicago for $133.2 mil

Felicia Tan
Felicia Tan5/10/2022 08:33 AM GMT+08  • 2 min read
Ascendas REIT to acquire seven logistics properties in Chicago for $133.2 mil
One of the properties on South Pulaski Road. Photo: Ascendas REIT
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Ascendas REIT has proposed to acquire a portfolio of seven logistics properties in Chicago for US$99 million ($133.2 million), says the REIT manager on May 10.

All seven properties are located on freehold land with a total net lettable area (NLA) of 132,344 sqm. They are located across six infill industrial submarkets across Chicago, Illinois, in the US.

The properties will be acquired from third-party vendors, BREIT Industrial HS Property Owner LLC, BREIT Industrial Canyon IL1M03 LLC, BCORE Jupiter NEMW 1 LLC and Icon Pac Owner Pool 4 Northeast/Midwest, LLC.

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