Galvanize Real Estate (GRE), the sustainable real estate strategy of Galvanize, has acquired a three-property, 462,300-square-foot industrial portfolio located in Green Oaks, Illinois, just north of Chicago.
This acquisition marks the latest expansion of GRE’s portfolio, which now spans more than 2.8 million square feet. GRE’s business plan for the portfolio includes value-add improvements and a targeted reduction in on-site carbon emissions of up to 207%.
“We view Chicago as one of the most important industrial markets in the country, and this portfolio is a great example of the kind of opportunity we are looking to pursue here,” said Joseph Sumberg, Managing Partner and Head of Galvanize Real Estate. “With Chicago’s strategic geographic location and access to freight networks, industrial players are prioritizing this market and looking for premier properties for their warehousing and logistics needs, which are exactly the type of high-quality assets that GRE specializes in creating through operational and capital improvements.”
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