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 complexes, Crain’s reported. Located in the O’Hare submarket, the homes comprise the Mohawk Terrace sub...
Source: therealdeal.com