Morgan Stanley’s Prime Property Fund purchased this massive industrial park from Itasca-based Bridge Development Partners in December. Talk about a healthy sign for the industrial market – this was one of the largest deals in many years for the Chicago market.
The Bridge Point Franklin Park property located at 10601 Franklin Avenue was part of a massive deal between Bridge Development and Prime Property Fund. At the same time of this deal, Prime Property Fund also paid $84 million for a second property in Downers Grove, Illinois as well as a third property in Pompano Beach Florida, bringing the total price tag for the portfolio to over $200 million.
//therealdeal.com
