Chicago Industrial Deal Hits $70M

TPG Angelo Gordon just sold a five-building Chicago industrial portfolio for $70 million to LA-based Cannon Industrial, despite reportedly taking a small loss on some properties. The deal reflects strong ongoing demand in Chicago’s warehouse market, fueled by pandemic-era e-commerce growth. Meanwhile, other major players like Dermody are also offloading high-value assets, and vacancy rates have improved slightly this year — signaling continued investor confidence in the city’s industrial landscape. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/eb1316bd5406c6da