Midwest Industrial Funds Sells 400,112 SF Spec Building to RIM Logistics
OAK BROOK, IL – January 2024 – Midwest Industrial Funds completed the sale of its newly developed building within the Brewster Creek Business Park located at 1303 Jack Court, Bartlett, IL, to a private investment group affiliated with RIM Logistics. The building will be the future home of RIM Logistics who will relocate their Chicagoland logistics operations and global headquarters to the property. The 400,112 SF Class A spec building is situated on a 26-acre site and was designed for a multitude of uses, including e-commerce, distribution, assembly, and manufacturing. The pre-cast concrete and glass facility features 36’ clear ceiling height, a cross docked configuration with up to 80 truck docks, 470 car parking spaces plus 115 onsite trailer spaces in a high image business park setting.
MIF Construction LLC was the design-build general contractor for the project with V3 and Partners in Design providing engineering and design services. The Lee & Associates team of Michael Androwich Jr., John Cassidy and Chris Nelson were the listing agents for Midwest Industrial Funds on the sale and Dan Smolensky of TMG represented the buyer.
Justin Fierz, Principal with Midwest Industrial Funds stated, “We are very pleased to have completed another successful development with the culmination of this sale. Our ability to navigate a sale process direct to an end-user speaks to our company’s flexibility, deal-making creativity, and ability to adapt to ever changing market dynamics.”