Avison Young completed the sale of a 538,236-square-foot, 3-building industrial portfolio near the western entrance of Chicago’s O’Hare International Airport.
The buildings at 1900-2020 Pratt Boulevard in Elk Grove Village are 100 percent leased on a long-term basis. The portfolio includes three properties: 1900 Pratt Blvd, a 111,338-square-foot building, 1950 Pratt Blvd., a 165,212-square-foot building, and 2000-2020 Pratt Blvd., a 261,686-square-foot building. The tenants, Clear Lam and D&W Fine Pak, are food industry businesses with specialized needs for the buildings they occupy. LBA Realty, an Irvine, CA-based investment firm, was the buyer.
Avison Young Principals Erik Foster and Mike Wilson represented the owner, Mirvac, an Austrilian-based integrated real estate company. The three single tenant buildings are part of a 24-acre site.