**TradeLane Properties Begins Renovations on Alsip Industrial Site**
TradeLane Properties has initiated renovations at one of two industrial properties it recently acquired in Alsip, Illinois. The Oakbrook Terrace-based real estate firm acquired the assets through its U.S. Industrial Fund III L.P., which focuses on logistics properties across the Central and Southwest United States.
The properties were purchased from Berry Plastics Corp., with Colliers brokers Brian Kling and Jake Spinell representing the seller. Renovation work is currently underway at a 367,000-square-foot vacant manufacturing facility located at 5750 W. 118th Street. The facility, situated on 14 acres, is undergoing upgrades that include a new roof, exterior and interior paint, paving, landscaping enhancements, and office renovations.
Key features of the property include clear heights of 24 to 26 feet, 12 dock-high doors, existing bridge cranes, and 480 parking stalls—making it an attractive asset for industrial users.
The second property in the acquisition is a fully leased, 84,000-square-foot distribution center at 11700 S. Central Avenue. This site includes 4,500 square feet of office space, 15 dock-high doors, and 26 parking stalls, further expanding TradeLane’s logistics footprint in the region.
Industry professionals are also reminded of the upcoming Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC, and interviewer Fred Schreiber, Chief Operating Officer. The event will be held on June 4, 2025, at The Midland Hotel in Chicago, IL, as part of the Connect Midwest Multifamily conference. Attendees will have the opportunity to network with peers and gain insight from industry leaders.
Stay tuned for further updates on TradeLane’s investment and renovation strategy across the Midwest.
