SEDCO Capital announced that it has purchased in May 2019 a FedEx Ground-leased distribution facility in the Niles submarket of Chicago, Illinois. The property was purchased via a separate account managed by ElmTree Funds, LLC (“ElmTree”), a leading real estate private equity firm. The 306,448 SF facility is located at 5959 West Howard Street. Originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81 acre site. The property, which has approximately 11.0 years remaining on its lease with FedEx, is expected to perform well over the long-term due to strong market fundamentals as well as its ideal location within the Chicago MSA.