NelsonHill has represented GLG International in its purchase of a 38,000-square-foot industrial building located at 2300 W. Lake St. in Chicago. The purchase price was $3.8 million.
GLG International has acquired the freezer/cooler facility on Chicago’s near west side to accommodate its expansion. Built in 2000 the building features 35-foot clear ceiling heights, 12,000 square feet of cooler and 2,400 square feet of freezer space.
“This acquisition is a bold step for GLG who is expanding their specialty meat processing and cold storage operation out of Texas and Mexico,” said Mark Nelson of NelsonHill. “The property offers exceptional potential with its existing infrastructure, 6B tax incentive and its excellent location close to downtown Chicago. An aggressive purchase price coupled with favorable SBA financing, were driving factors in creating maximum value for the new GLG venture.”
Mark Nelson and Michael Nelson of NelsonHill represented GLG in the transaction. John Joyce, Ryan Phillips and Chris Ricketts of Newmark Knight Frank Epic represented the seller, J & S Produce.