Faropoint caps $200 million spending spree in Chicago area with industrial building by O'Hare
The industrial investor now owns 22 industrial buildings near O'Hare and plans to continue its investments in the area next year.
One of the most active industrial investors in the Chicago market this year acquired yet another property near O'Hare International Airport. 'Faropoint particularly likes this product type because of the limited amount of new construction in this size range.' 'Chicago is a strong market for industrial investors, and that's why we are investing so much in this market. The fundamentals for Chicago industrial continue to be strong, and we do not see any red flags on the supply and demand side.' Auto and food processing distributors also remained robust.