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A few days prior to the New Jersey purchase, Prologis sold a 458,620-square-foot asset in Melrose Park, Ill. The property’s tenant—Interlake Mecalux—purchased it for $63 million, according to CommercialEdge data. The company is a manufacturer of pallet racks, metal shelving and warehousing racking systems.

The warehouse has a clear height of 30 feet, a 141-foot truck court and a total of 30 loading doors, including 14 grade-level docks. The building also comprises a two-story office component.

Completed in 1999, the facility rises on roughly 23 acres at 1600 N. 25th Ave., about 15 miles west of downtown Chicago and less than 7 miles south of Chicago O’Hare International Airport. Prologis was the market’s top commercial real estate owner of industrial assets at the end of September 2024, with a footprint of 81.6 million square feet.