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Industrial portfolio near Chicago sells for $270 million

NorthPoint Development buys 11 warehouses in Elgin, Illinois
NorthPoint Development has paid $270 million for an industrial portfolio within the Northwest Business Park in Elgin, Illinois. (Emilia Czader/CoStar)
NorthPoint Development has paid $270 million for an industrial portfolio within the Northwest Business Park in Elgin, Illinois. (Emilia Czader/CoStar)
CoStar News
June 17, 2025 | 10:27 P.M.

A Missouri investor has paid $270 million for a portfolio of warehouses west of Chicago, a massive deal that followed a high volume of sales in the first quarter of this year.

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