Founders Properties, L.L.C. announced the purchase of two properties as part of the company’s Income Fund V, which focuses on stable, core and core+ industrial properties throughout the United States. Both acquired properties are located in Illinois and total approximately 220,700 square feet.

“These properties fit perfectly within our existing portfolio of investments and help solidify the diversified strength of this particular income fund,” said Chris Courneya, Vice President of Investments and Acquisitions. “We feel confident that these assets complement our overall investment strategy of diversification across multiple strong growth markets.”

Corporate Woods, an 82,700-square-foot industrial building located in Vernon Hills, is fully leased and serves as the headquarters of a well-established single tenant who was founded over 30 years ago, Irving Park a 138,000-square-foot industrial building located in Itasca, is also fully occupied and headquarters to a single tenant that has been in the building since 2008.

In mirroring Founders’ foundational investment strategy, these acquisitions are centered on an overall goal of portfolio diversification and stability.