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.