Cabot Properties has completed the sale of its North Central Portfolio, a group of 11 modern industrial assets totaling approximately 2.5 million square feet across key logistics submarkets in Greater Chicago and Minneapolis, Minnesota. The transaction marks the disposition of a diversified collection of properties assembled through both ground-up development and acquisitions by Cabot.
The portfolio was acquired by a prominent global asset manager, underscoring continued institutional interest in scale industrial platforms in established distribution hubs. Cabot, described as a global investor, developer, and operator of logistics properties, positioned the assets as a stabilized, modern portfolio spanning two major Upper Midwest logistics markets.
A Chicago-based CBRE Capital Markets team represented Cabot in the sale. The engagement covered the full portfolio, with CBRE advising on the disposition strategy and marketing the properties to institutional buyers. Specific pricing and other transaction terms were not disclosed.
Six of the buildings are located in the North/Central Kane County and West Suburbs submarkets within the Greater Chicago industrial market. These assets comprise approximately 1.6 million square feet and include four cross-dock facilities and two rear-load buildings. According to Cabot, this Chicago-area component of the portfolio is 97% occupied, with tenants active across a range of logistics and distribution uses.
The remaining five properties are situated in Minneapolis’ Northwest and Southwest submarkets, totaling roughly one million square feet. These buildings are fully leased, with occupancy at 100%. The tenant base includes a mix of distribution and light manufacturing users, reflecting the diversified industrial demand in that market segment.
The North Central Portfolio collectively represents a sizable footprint of modern industrial product in established distribution corridors, with high occupancy levels across both metropolitan areas. The presence of cross-dock and rear-load configurations, along with a mix of logistics and light manufacturing users, highlights the functional flexibility and tenant diversity of the assets involved in the sale.
In a separate industry event noted alongside the transaction, Connect CRE is promoting an upcoming industrial real estate conference featuring executives, investors, and developers discussing capital flows, debt trends, occupier demand, and development strategies in the industrial sector.
