Transwestern Investments Acquired Chicago Industrial Site
The firm purchased a 408,176-square-foot industrial facility located near the I-88 corridor.
Updated on Sept. 29, 2026 in Commercial
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Transwestern Investments has acquired a 408,176-square-foot industrial facility located at 320 Overland Drive in Chicago. The fully leased property was completed in 2023 and sits on 26.79 acres.
Why it matters
The acquisition provides the firm with a modern industrial asset that benefits from strong labor pool access and strategic proximity to major regional transportation infrastructure.
The property features 36-foot clear heights, 55 dock doors, and four drive-in doors. It is situated 1.7 miles from Interstate 88, offering significant logistical connectivity.
The players
Transwestern Investments
This is a real estate investment management firm that handles institutional-grade commercial property acquisitions and developments.
The details
Transwestern Investments secured the industrial facility on behalf of a separate account. The site includes a cross-dock configuration and is positioned to capitalize on the region's existing transit networks.
Timeline
Construction of the industrial facility was completed in 2023.
Transwestern Investments acquired the industrial facility in September 2026.
Culture Shift
This acquisition highlights the ongoing institutional demand for modern, infill industrial space located near key logistical transit arteries. It reflects a broader shift toward securing high-clearance, automated-ready facilities to meet regional distribution needs.
The facility is fully leased, meaning local business operations and employment at the site will remain stable following the ownership transfer. Residents and commuters near the I-88 corridor should expect continued industrial-grade logistical traffic in the vicinity.
The takeaway
Investors continue to target modern, high-clearance industrial assets that provide immediate connectivity to major interstate transport routes. Businesses looking for similar space should prioritize properties with cross-dock capabilities to maximize supply chain efficiency.
Further reading
For more information on regional sector activity, visit Chicago Commercial.
Source note: This article includes information reported by Institutional Real Estate, Inc..
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