Colliers‘ Jeff Devine, Steve Disse and Tyler Ziebel recently represented Ryan Companies US, Inc. in the sale of 716 E. 111th St. in Chicago. The building is currently 100% leased by Whole Foods Market.
Built in 2017 by Ryan, the 140,310-square-foot Class-A food-grade facility is a high-volume operation that services Whole Foods locations in the Chicago area and throughout the Midwest and Canada.
An offshore investor advised by Metzler Real Estate was the buyer.
The Colliers Capital Markets team has been on a tear, and this sale marks the fifth transaction the group has closed in the last 90 days. Others include the sale of a 624,654-square-foot distribution facility at 2700 Ellis Drive in Joliet to Venture One; the sale of a 725,917-square-foot, five-building industrial portfolio in the western suburbs to a publicly traded real estate investment trust; the sale of a 212,285-square-foot food production facility at 750 Schmidt Road in Bolingbrook, IL, to Provender Partners LLC; and the sale of a Class A, 195,375-square-foot industrial asset at 1300 Allanson Road in Mundelein to an institutional real estate investor.
