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News
August 12, 2022
Dayton Street Partners (DSP), a Chicago based commercial real estate company focused on the acquisition and development of industrial and logistics properties, has sold two facilities in Chicago to Brookfield Properties for an undisclosed sum.
The first property, located at 2501 W. Fulton St., is a 42,000-square-foot warehouse/distribution facility situated on 1.5 acres. DSP acquired the 956-vintage property in 2019 and commenced with a renovation, followed by a full-building lease to Vienna Beef.
The other facility, located at 1827 W. Hubbard, is a 33,000-square-foot warehouse with 14’ clear ceiling height, two loading docks, one drive-in door and parking for 34 cars. Built in 1960, the vacant building sits on 1.75 acres.
“Chicago continues to be a target market for investors seeking high barrier to entry industrial properties in submarkets experiencing record low vacancy,” said Howard Wedren, DSP’s founder and managing principal.