The Village of Franklin Park, a community with over 18,000 residents just Northwest of the City of Chicago, has purchased a two-building industrial complex totaling 284,000 square feet on 13.46 acres at 9353 and 9451 West Belmont Avenue in Franklin Park, Ill. The Village plans to raze the complex in order to build new government buildings on the site.
Executive Director Britt Casey and Director Al Caruana, both of Cushman & Wakefield of Illinois, Inc., and Tom Cotter, a senior account manager of Cushman & Wakefield of New Jersey, Inc., represented the seller, Unilever, a top producer of consumer goods worldwide.
“Both Unilever and Cushman & Wakefield are very pleased to have completed this project. We are equally pleased that Franklin Park will now have a site in the heart of its growing downtown area on which to accomplish its goals of future municipal developments,” Mr. Casey said in a statement.
9353 and 9451 West Belmont Avenue are both one-story industrial buildings. They total 201,500 square feet and 82,500 square feet, respectively, and are built on a total of 13.46 acres. Both buildings were built of masonry construction in the 1940s and 1950s.
