TradeLane Properties Sells 93,145-Square-Foot Bridgeview Industrial Building Through NAI Hiffman
TradeLane Properties has sold a 93,145-square-foot industrial building in Bridgeview, Illinois, the Oakbrook Terrace-based firm announced Aug. 4. The property, located at 7700 S. 78th Avenue, was acquired by TradeLane in 2019 and sold to a local user-buyer following a recent tenant vacancy.
Packy Doyle and Alex Sutterer of NAI Hiffman represented TradeLane Properties in the transaction.
Property Specifications and Location
The single-building facility sits on 3.9 acres in Chicago's Southwest industrial submarket, a long-established logistics corridor that serves regional distribution networks across Chicago's south and southwest suburbs. The building features 26-foot clear heights, 10 dock doors, one drive-in door, and a 143-foot truck court depth — a configuration suited for regional distribution, light assembly, and third-party logistics operations.
The property is positioned approximately two miles from I-294, the Tri-State Tollway, and four miles from I-55, providing direct access to the broader Chicago metropolitan area and Midwest distribution routes. The site's coverage ratio of roughly 55 to 60 percent is consistent with functional distribution and warehouse layouts.
Deal Context: User-Buyer Acquisition After Seven-Year Hold
TradeLane Properties held the asset for approximately seven years before completing the disposition. The buyer is a local user-buyer — an owner-occupier rather than an institutional investor — a profile that has become increasingly common for infill industrial assets in established submarkets where operational control and facility customization carry value alongside real estate fundamentals.
The sale price was not disclosed. In Chicago's infill industrial submarkets, comparable Class B and C distribution buildings have traded in a range of roughly $70 to $120 per square foot over the past 12 to 18 months, depending on condition, lease-up risk, and whether the buyer is a user or investor, with stabilized yields generally in the 5.75 to 7.0 percent cap-rate band as of 2025 and 2026.
Market Backdrop: Industrial Fundamentals Moving Toward Equilibrium
The Bridgeview disposition comes as the broader U.S. industrial real estate market works through a post-2022 supply surge. Industrial construction nationally has declined approximately 62 percent since 2022, while demand across logistics and manufacturing uses has continued to rise. Vacancy in the sector is expected to peak near 7.6 percent before moving toward balance. Overall commercial real estate transaction volume is projected to increase roughly 15 to 20 percent in 2026 as pricing stabilizes and capital markets conditions improve.
Against that backdrop, a recently vacated but functionally modern building in a mature, interstate-adjacent submarket presents a straightforward case for a user-buyer seeking to secure distribution space without the uncertainty of a competitive leasing process. The property's mid-bay size — well below bulk warehouse thresholds — and its dock and truck-court configuration align with last-mile and regional distribution demand that has remained durable across the industrial cycle.
About TradeLane Properties
TradeLane Properties is a privately held industrial real estate company focused on acquiring, developing, redeveloping, and operating industrial facilities across Central U.S. markets including Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Dallas–Fort Worth, Houston, and San Antonio.
Sources: TradeLane Properties