Dalfen Industrial Acquires Multi-Tenant Industrial Property in Chicago O'Hare Submarket
Dalfen Industrial has acquired a multi-tenant industrial property at 1341–1371 Howard Street in Elk Grove Village, Illinois, the firm announced Feb. 18, 2026. The acquisition adds to the company's growing presence in Chicago's O'Hare submarket.
The property, built in 1990, is currently 75% leased. Financial terms of the transaction, including the purchase price, were not disclosed. Square footage was not publicly disclosed.
Strategic Industrial Real Estate Expansion in the Midwest
The Elk Grove Village acquisition is part of Dalfen Industrial's stated goal to accelerate its Midwest platform. Details regarding the firm's total national portfolio size, current Midwest building count, and any stated targets to expand that count were not confirmed in available source materials and have been omitted.
The Howard Street property's 25% vacancy provides near-term lease-up opportunity in a market the firm has characterized as supply-constrained with rental growth potential.
Chicago O'Hare: A Supply-Constrained Warehouse Real Estate Corridor
The O'Hare submarket has been cited by Dalfen Industrial as a key area of focus for industrial real estate investment. The Howard Street property is located within the Chicago O'Hare industrial submarket in the Elk Grove Village area of Illinois.
Amazon and FedEx are referenced as established users in the surrounding submarket area; they are not identified as tenants of the acquired property.
Dalfen Industrial's Midwest Industrial Real Estate Platform
Dalfen Industrial's Midwest expansion reflects a focus on multi-tenant industrial assets in supply-constrained submarkets. The firm has not disclosed specific capital allocation targets or fund vehicles associated with the Midwest expansion.
No seller was identified in available public disclosures related to the transaction.
Property Details
The industrial property at 1341–1371 Howard Street in Elk Grove Village was built in 1990 and is currently 75% occupied. Square footage, number of buildings, purchase price, and loan details were not publicly disclosed. The property is located within the Chicago O'Hare industrial submarket in Illinois.