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Industrial Portfolio Near Chicago Sells for $97 Million Amid Interest Rate Worries

TradeLane Properties Buys 13 Fully Leased Warehouses From Oxford Properties Group
TradeLane Properties has paid $97.5 million for 13 Chicago-area warehouses, including one at 900 Asbury Drive in Buffalo Grove, Illinois, shown at center. (Justin Schmidt/CoStar)
TradeLane Properties has paid $97.5 million for 13 Chicago-area warehouses, including one at 900 Asbury Drive in Buffalo Grove, Illinois, shown at center. (Justin Schmidt/CoStar)
CoStar News
August 26, 2022 | 5:46 P.M.

A fully leased, 13-building portfolio of warehouses near Chicago has sold for more than $97 million, providing a bright spot amid worries that rising interest rates are dragging down what has been a record volume of industrial sales.

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