Colliers Chicago’s Jeff Devine and Steve Disse represented James Campbell Company in the sale of CEVA O’Hare Distribution Complex, a two-building industrial facility located at 1333 and 1347 Mount Prospect Road in Des Plaines, IL. The buyer was California based LBA Realty.
1333 and 1347 Mt. Prospect Road is a two-building warehouse/terminal complex on the north side of O’Hare International Airport. The buildings total 228,603 square feet and will serve as CEVA’s primary O’Hare distribution/sorting hub for the foreseeable future.
Formerly occupied by DB Schenker, the CEVA O’Hare complex was tailor-made for vertically integrated air freight and over-the-road logistics users and features the appropriate loading, security, office build-out and parking that today’s logistic users demand. Located in a premier infill location, it strategically located less than one mile from the North Cargo entrance of O’Hare Airport and provides immediate access to the Interstate Highway System via a four-way interchange at I-90 and Elmhurst Road.
The O’Hare submarket is typically one of the least impacted by, and quickest to recover from, downturns which has continued to hold true in recent months.
“The CEVA Complex is a high-quality asset in an extremely tight O’Hare market. This was an a rare opportunity to purchase a multi-modal logistics facility located near world’s most connected airport,” said Devine, an Executive Managing Director and Principal at Colliers Chicago.
