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$39m warehouse purchases closed.


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 Capital Management L.P. has acquired the Bolingbrook Distribution Center in Bolingbrook, Illinois Bolingbrook is a village in Will County, Illinois and DuPage County, Illinois. As of the 2000 census, the village had a total population of 56,321. As of a 2005 estimate, the population is 69,662. Today, Bolingbrook has nearly 75,000 residents.  from Exel Inc. for $39.2 million.

AEW, one of the nation's largest real estate investment advisors Investment Advisor

1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.

2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and
, made the purchase via forward commitment on behalf of an institutional client.

The property consists of two distribution warehouse buildings totaling more than 957,000 square feet.

The buildings were developed by the Real Estate Services Group of Exel, which has developed more than seven million square feet of distribution warehouse space across the country.

Both buildings will remain fully leased to Exel for use in providing logistic lo·gis·tic   also lo·gis·ti·cal
adj.
1. Of or relating to symbolic logic.

2. Of or relating to logistics.



[Medieval Latin logisticus, of calculation
 services throughout the Midwest.

The buildings are newly constructed to state-of-the-art specifications and offer excellent highway access and visibility.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 17, 2003
Words:118
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