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KENSINGTON BUSINESS CENTER
Boston - (September 18, 2005) -
GID Investment Advisers LLC (“GID”), a division of The General Investment and Development Companies based in Boston, MA, announced today that it sold on behalf of an affiliate, Windsor Realty Fund-VI L.P. ("WRF-VI"), a seven building, 452,684 square foot industrial/flex portfolio. The portfolio is located within Kensington Business Center, a 300-acre, 3.25 million square business park located in Mount Prospect, IL. The portfolio was purchased in December 2002 from The Estate of James Campbell. Chicago-based Colliers Bennett and Kahnweiler marketed the property for sale and Boston-based Colony Realty Partners was selected to purchase the property after a competitive review among many national institutional bidders. The park has attracted such prominent tenants as DST Output, Stenograph, Metropolitan Life, AT&T, Cummins Diesel, and Caremark. WRF-VI a GID wholly owned entity formed in 2002, is actively pursuing flex industrial property acquisition opportunities in markets such as Atlanta, Chicago, Minneapolis, New Jersey, and South Florida.
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