Avison Young brokered the sale of a 145,182-square-foot industrial manufacturing facility at 11264 S. Corliss Ave. in Chicago.
The property is fully occupied by Polyair, which has been at the facility for more than 29 years and recently signed a new 10-year lease.
Avison Young Capital Markets Principals Erik Foster and Mike Wilson along with Industrial Leasing Principals Brian Colson and Brian Pomorski, and Senior Vice President Jack Reardon represented the seller, a private partnership. The buyer was Venture One.
Situated on 5.13 acres, the property features 22’ clear height, 10 dock-high overhead loading doors, and two drive-in overhead loading doors. The property’s infill location provides immediate access to Interstate 94 and a dense labor force. The tenant, Polyair, is a significant industry player in the protective packaging business, offering a full portfolio of protective solutions including mailer products, bubble cushioning, protective foam roll stock and value-added laminations, among other products.
