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Huge University Park warehouse bought by German investor

A warehouse in Gateway 57 in University Park. Image courtesy of Venture One Real Estate

A German investor has acquired a huge new warehouse in southwest suburban University Park, in one of the biggest industrial real estate deals of the past two years.

GBRE Global Investors and a German investment company have bought a 1-million-square-foot distribution center in University Park fully leased to Georgia Pacific, according to a statement from CBRE Global. They acquired the property near Interstate 57 and Steger Road on behalf of Bayerische Versorgungskammer, or BVK, a big German pension fund manager…Please click here to read Alby Gallun’s story in Crain’s. A related press release is here.

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