October 16, 2020
Colliers International | Chicago’s Jeff Devine and Steve Disse represented LaSalle Investment Management in the sale of the Samsung I-55 Distribution Center located at 160 Southcreek Parkway in Romeoville, IL. The 650,000-square-foot building traded to Exeter Property Group for an undisclosed sum.
The Samsung facility is located in Pinnacle Business Center. Samsung has occupied the building since 2012 and has used it as its primary Chicago area distribution center for all appliance lines. The company recently extended its lease there.
“This was an excellent opportunity for Exeter to acquire a Class A facility that is a critical supply chain shipping point for one of the world’s most recognizable consumer brands,” said Devine.
“Located in the land-constrained I-55 industrial submarket, this was purchased at a very attractive cost basis,” he continued. “This is a highly defensive investment that is the perfect addition to any core industrial investment strategy.”
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