Kingsbarn Realty Capital has recently acquired the headquarters of GoldCoast Logistics Group, located at 1425 Madeline Lane in Elgin, Illinois. The state-of-the-art building was specifically built for the company and completed in 2022. GoldCoast Logistics is a leading Midwest-based trucking, supply chain, and logistics firm that has signed a long-term lease agreement with Kingsbarn for this property.
According to Jeff Pori, CEO of Kingsbarn Realty Capital , this acquisition aligns with their strategy of investing in prime distribution and logistics properties. They plan to offer shares of this high-quality replacement property to private investors looking for opportunities under Section 1031 exchange.
The newly acquired GoldCoast headquarters spans over 61,888 square feet and boasts a warehouse area with a clear height of 30 feet. It also features twelve dock-high doors and four grade-level overhead doors. With its convenient location near I-90 and I-94 highways as well as close proximity to O’Hare International Airport , it offers excellent accessibility for transportation needs.
