Industrial N Illinois

Midwest Industrial Funds sells 84,000-square-foot industrial building in Chicago

  

Midwest Industrial Funds recently sold an 84,000-square-foot industrial building located in the Stockyards Business Park at 4300 S. Morgan in Chicago.

The food-production building features 17-foot to 28-foot ceilings, seven exterior docks, parking for 150 cars and existing freezer/cooler space. He can accommodate future expansion on its large 9-acre land site.

The property was sold to an affiliate of WP Carey who had a long-term lease agreement in place at closing with Griffith Foods.

The team of Brian Vanosky, Tom Condon and Tim McCahill of Lee & Associates represented Midwest Industrial Funds on both the acquisition of this property in 2015 and the recent sale. Scott Duerkop, Jason Volpe and Sean Devaney of JLL represented the buyer and Griffith Foods on the transaction.