CBRE recently represented Hackman Capital Partners in the sale of a 188,000-square-foot refrigerated distribution property at 4801 S. California Avenue in Chicago for an undisclosed amount.
Steve Livaditis, senior vice president, and Pete Roberson, first vice president, represented Hackman Capital in the sale. Matt Cowie of Cushman & Wakefied represented the buyer, Best Foods. Best Foods, a mayonnaise and condiment provider, will occupy the space.
“This is a tremendous site for city- and market-wide food production and distribution given its proximity to the CBD, access to transportation and population density,” said Livaditis.
A former Budweiser distribution facility, the property offers strategic access to I-55 and can accommodate single or multiple industrial users for manufacturing, warehousing and distribution in Chicago. The property features 16 docks, 20- to 26-foot clear heights, 225 parking spots and 115,000 square feet of climate-controlled space, ideal for refrigerated distribution.
