Chicago, Illinois - Our Net Lease Properties information is on NNN Industrial Properties sales. These Industrial net lease properties may not have sold as frequently a few years back. Many Net Lease Properties Investors are seeking high-quality, well-leased properties in areas that appear to remain popular. Some Net Lease Properties analysts believe that Industrial net lease properties are near the top of the list for most stable properties. More and more Net Lease Properties Investors are jumping on Industrial net lease properties and many investors enjoy buying apartment building assets.
One of the popular Industrial triple net lease properties sold recently in Romeoville, Illinois. Romeoville is approximately 32 Miles south-west from the Chicago O'Hare International Airport (Ord), at 5600 Mannheim Road, in Chicago, Illinois. This Industrial triple net leased property sold for $30,200,000 which equates to approximately $36 per square foot for the property. The Industrial NNN Lease Property is situated at 740 ProLogis Parkway in Romeoville, Illinois. The is the largest single-building sale, in the Illinois Industrial Net Lease market, since January of 2008.
The Industrial triple net leased property is approximately 805,909 square-feet. This NNN Lease Investment is a Class A Industrial building which was built in 2006. The Industrial triple net leased property is in the South Interstate 55 Corridor, which is an Industrial sub-market. The Industrial triple net leased property offers to the net lease Tenant, 100 external loading docks, four drive-in bays (sufficient for loading Trucks) and a 32-foot clear height. The Industrial absolute triple net leased property is fully 100% leased to Kimberly Clark.
The triple net lease Tenant, Kimberly-Clark has sold products in more than 150 countries. The NNN Lease tenant maintains administrative, manufacturing facilities, operating and geographic headquarters in 35 countries. The triple net lease Tenant, Kimberly-Clark has their world headquarters located in Dallas, Texas. Kimberly-Clark is a leading-edge global company that produces superior essential products.
One of the Product Innovations for this NNN Lease Tenant are Kleenex Hand Towels.
Kimberly-Clark came up with disposable Kleenex Hand Towels, a first-of-their-kind solution for customers' growing concern for hand hygiene and preventing the rapid spread of germs.
The buyer of this Industrial triple net leased property was LaSalle Investment Management, a local Chicago-based commercial real estate investment firm. It appears they purchased this Industrial NNN Lease Investment for an attractive price. As this triple net lease property had sold for $34,750,000 when construction was finished in 2006.
LaSalle Investment Management is one of the world’s leading commercial real estate investment managers. LaSalle Investment Management has approximately 712 employees, located in 16 countries. This commercial real estate investment firm manages over $43.0 billion (as of the forth quarter of 2010) of commercial private property and public property equity investments. This commercial real estate investment firm benefits from a diverse client base which includes public and private pension funds, insurance companies, governments, endowments and private investors from across the World. We are not aware of the Commercial Loans on this NNN Property.
Colony Realty Partners (“CRP”) sold the Industrial triple net lease property. Colony Realty Partners is a privately held commercial real estate investment company. Colony Realty Partners seeks commercial real estate investments that have in-place, steady cash flow, or the ability to put cash flow in place in the near future. This commercial real estate investment company strives to find net lease properties which may be under-valued or demonstrate prospects for near and/or mid-term value creation.
The commercial real estate investment company (CRP) acquires and manages commercial real estate properties on behalf of many of the world’s leading institutional investors, including pension funds, public corporations, endowments, sovereign wealth funds, and high net worth individuals. More and more high net worth individuals are diving into NNN Commercial Real Estate investments.
Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement property.
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