EnTrust Realty Advisors LLC has completed the sale of 1660 Wall St., a recently built 108,732-square-foot warehouse/distribution building in Mt. Prospect to KTR Capital Partners.
Occupying a prime site at the intersection of Algonquin and Elmhurst roads and minutes from O’Hare International Airport, the speculative building is part of The Alter Group’s Lake Center Corporate Park. Built for the demands of major corporations and third-party logistics providers, the building features 30-foot clear ceilings, 19 exterior truck docks, two drive-in doors and 16 trailer parking stalls.
“The industrial market is poised for enormous growth with annual absorption expected to reach 150 million square feet nationally in 2013, much of it driven by the growth of logistics and e-commerce,” said James I. Clark III, EnTrust’s managing principal. “This building is a sound investment, being of the last large available sites this close to O’Hare with the convenient access to I-90 necessary for distribution and air freight firms to optimize their supply chains.”
