Link Industrial Properties pays $24.25 million for Crossroads Distribution Center

The property is at southeast Interstate 295 and Pritchard Road.

  • By Daily Record Staff
  • | 9:17 a.m. March 24, 2020
  • | 5 Free Articles Remaining!
Crossroads Distribution Center warehouse at 6950 Pritchard Road.
Crossroads Distribution Center warehouse at 6950 Pritchard Road.
  • Real Estate
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Link Industrial Management LLC paid $24.25 million on March 18 for property at southeast Interstate 295 and Pritchard Road.

Records show that Link Industrial and Link Industrial Properties LLC of Chicago bought the 104.75-acre property at southeast Interstate 295 and Pritchard Road from Crossjax Distribution LLC.

Crossroads Distribution Center developed the 297,067-square-foot Building 100 warehouse in 2019 at 6950 Pritchard Road. It is leased to W.W. Grainger Inc. 

Miles River Partners LLC and TriGate Capital developed Crossroads Distribution Center.

Crossjax Distribution, based in Southport, Connecticut, bought the vacant land in 2018 for $3.15 million. 

Link bought the property through BCORE Crossroads Owner LLC.

Link is the U.S. industrial real estate operating platform for The Blackstone Group.

 

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