REBusinessOnline

HEITMAN ACQUIRES 1.9 MILLION-SQUARE-FOOT WAREHOUSE PORTFOLIO

ROMEOVILLE, ILL. — Heitman America Real Estate Trust, a fund managed by Chicago-based Heitman, has acquired a 1.9 million-square-foot industrial portfolio located in Romeoville. The portfolio consists of four warehouse buildings located in the Windham Southwest Business Park. Each of the buildings was developed by Panattoni Development Co. between 2006 and 2008. Two of the four buildings are fully occupied by Sears Holdings, Kimberly-Clark and Dann Dee Display Features. The other two buildings, which were completed this month, currently have 261,000 and 137,000 square feet, respectively, available for lease. Heitman acquired the portfolio from a partnership involving Panattoni; the acquisition price was undisclosed.

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