NelsonHill has represented both parties in the sale of a 25,000-square-foot industrial facility located at 1811 W. Bryn Mawr in Chicago’s Ravenswood area. The temperature-controlled facility was recently sold for $1.3 million ($50 per square foot).
MusicDirect has purchased the facility for the expansion of the company’s operations from Chicago’s West Loop. “The acquisition represents a strong expansion for MusicDirect who needed a rare temperature controlled building, to support their specialized music operation,” said Mark Nelson of NelsonHill.
The seller of the property was Vin Divino, a company that specializes in importing and distributing wine from Italy, Austria and Chile. They will continue expanding and operating their business from the West Coast.
Mark Nelson and Michael Nelson of NelsonHill represented the buyer, MusicDirect, in the transaction and Frank Melchert of NelsonHill worked on behalf of the seller, Vin Divino.