Transwestern has brokered the disposition of a four-building, 160,961-square-foot industrial property immediately east of O’Hare International Airport in Schiller Park, Illinois.
A trust in the name of Howard Bernstein, the late founder of Atlas Cos., sold the 7.3-acre site for an undisclosed price to Morton Grove-based Skyline Properties LLC.
Consisting of 5040 – 5050 N. River Road and 9420 – 9500 W. River St., the site currently serves as the Atlas corporate headquarters. The distributer and servicer of material handling, construction and floor cleaning equipment will relocate to Elk Grove Village in March as part of an expansion.
Transwestern Principal Phillip Rosenberg and Senior Associate Ryan Phillips represented the seller in the transaction.
Nick Saraceno of CTK Chicago Partners represented Skyline Properties in the transaction.