Newmark Grubb Knight Frank (NGKF) has been appointed as the exclusive leasing agent for 10499 W. 164th Place in Orland Park, Illinois. The property, recently acquired, owned and managed by Midwest Industrial Funds, is currently being renovated with significant capital improvements.
The property is an approximate 48,000-square-foot, two-tenant industrial property. Midwest Industrial Funds, a Chicago-based industrial real estate investment, development and asset management company, purchased the property in June 2015 and have since put renovation plans in place.
The firm is currently upgrading the building’s façade and renovating the vacant office and warehouse space with new paint, carpet and a more modern layout. Scheduled for completion at the end of August, the renovations also include the construction of a new parking lot and new landscaping. Built in 1995, the property features 18-foot clear ceilings, four exterior docks, two drive-in doors as well as an approved Class 6B tax incentive.
Cozzie will lead the brokerage team along with Jim Cummings, director in NGKF’s Chicago office, to lease the 24,658 square feet available.
