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Texas Firm Whose Billionaire Founder Died Earlier This Year Pays $55 Million for Warehouses Near Chicago

Sarofim Buys Two Buildings in Elgin, Illinois, From Blackstone’s Link Logistics

Sarofim Realty Advisors has paid more than $55 million for warehouses at 2700 and 2750-2756 Alft Lane in Elgin, Illinois. (CoStar)
Sarofim Realty Advisors has paid more than $55 million for warehouses at 2700 and 2750-2756 Alft Lane in Elgin, Illinois. (CoStar)

A Texas investor whose billionaire founder died earlier this year has paid more than $55 million for neighboring warehouses west of Chicago, adding to a huge volume of industrial sales this year locally and throughout the country.

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