Nuveen Real Estate Acquisition of 300,000 SF Intermodal Logistics Facility, Chicago

Deal value: $54 Million

Nuveen Real Estate acquired a 300,000 SF intermodal logistics facility adjacent to the BNSF rail yard in Chicago, Illinois, with 34-foot clear height, to enhance supply chain connectivity.

The core investment motivation is to capitalize on the sustained demand for modern logistics infrastructure in major distribution hubs. Nuveen is targeting assets adjacent to intermodal rail yards to enhance supply chain efficiency, leveraging Chicago’s status as a national logistics nexus. The timing reflects a belief in continued e-commerce growth, supply chain reconfiguration, and the strategic value of rail-connected facilities amid persistent transportation bottlenecks.