REBusinessOnline

CB RICHARD ELLIS BROKERS SALE OF 788,089-SQUARE-FOOT INDUSTRIAL PORTFOLIO

CHICAGO — Los Angeles-based CB Richard Ellis has brokered the sale of a 788,089-square-foot industrial portfolio located primarily in Chicago. Boston-based Cabot Properties has purchased the 12-property portfolio from TIAA-CREF for an undisclosed amount. The acquisition includes 11 properties in Chicago totaling 676,898 square feet, as well as one 111,191-square-foot property in Baltimore. Jack Fraker, Josh McArtor and Conor Feeney of CB Richard Ellis marketed the property on behalf of TIAA-CREF.

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