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Prologis and ML Realty Buy Out Bensenville Homeowners

Share via Shortlink ML Realty Partners founder Michael Luecht, Prologis CEO Hamid Moghadam and Mohawk Terrace. (Google Maps, ML Realty, Prologis) Demand for industrial real estate is so strong in suburban Chicago that firms are buying out homeowners in order to assemble enough property to build warehouses. The latest example is in Bensenville, where industrial investors ML Realty Partners and Prologis spent $64 million to purchase more than 100 homes that will be cleared for two complex...
Goose Island United States Michael Luecht Hamid Moghadam Ml Realty Partners Ml Realty

Industrial real estate developers paying top dollar for Bensenville subdivisions

John R. Boehm Katherine Anderson says she and her husband, Arthur Eichorst, received enough money in the sale of their Mohawk Terrace house to buy a Las Vegas condo free and clear. Being surrounded by big industrial buildings doesnt sound like the American Dream to most homeowners. But it turned out quite well in the end for many residents of the Mohawk Terrace subdivision in Bensenville. The owners of a two-story house on Edgewood Avenue just sold it for $875,000. They paid $420,000 for it les...
United States Indian Hill Dupage County Nick Siegel Joe Fiore David Riefe

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