GID, a real estate owner and fiduciary specializing in diverse asset classes, has recently purchased 3-9 Timber Court in Chicago, Illinois. This prime location along the I-55 Corridor boasts a 320,700 square foot property that is currently fully leased to three tenants with an average lease term of 2.1 years and rents below market value by 35%. With immediate access to both I-55 and I-355 highways, this Class A facility offers direct connectivity to the entire Chicago metropolitan area.
According to Michael Wenaas, Co-head and Chief Investment Officer at GID Industrial: “Our strategy includes developing a top-tier portfolio of multi-tenant properties in key markets with strong growth potential.” The recent acquisition of this Bolingbrook industrial property further solidifies their commitment towards achieving this goal.
