Industrial leasing activity continues to support investment in infill logistics assets as tenants seek well-located distribution facilities with modern building features. The Missner Group has fully leased its recently acquired industrial property at 8130 River Drive in Morton Grove, Illinois, with Ferguson Enterprises occupying the entire building.
The 31,429-square-foot industrial property combines warehouse and office space and includes one interior dock door, two drive-in doors, 21-foot clear heights and a fully air-conditioned warehouse.
According to The Missner Group, Ferguson Enterprises will occupy the entire facility following improvements completed after the property's acquisition approximately six months ago.
The building is located in Morton Grove, offering direct access to Interstate 294 as well as Interstates 90 and 94, supporting freight movement throughout the Chicago metropolitan area and regional distribution network.
The lease represents the stabilization of an industrial asset acquired as part of The Missner Group's value-add investment strategy focused on infill submarkets with limited industrial inventory.
The leasing transaction involved brokerage representation from Colliers on behalf of The Missner Group, while CBRE represented Ferguson Enterprises.
Demand for well-located industrial facilities remains strong in supply-constrained urban markets, supporting investment in repositioning and value-add industrial properties. For construction owners, developers and industrial investors, the Morton Grove lease highlights continued tenant interest in modernized logistics assets offering efficient warehouse functionality and regional transportation access.
Source: The Missner Group.
