NelsonHill represented Wanxiang America Real Estate Group in the acquisition of the former APL Logistics facility at 2302 S. Paulina in Chicago. Wanxiang and Clarius Partners LLC plan to build up to 400,000 square feet of modern freezer, cooler and warehouse product. Wanxiang’s portfolio currently exceeds 1.5 billion square feet of real estate in the U.S.
“This location, adjacent the International Produce Center is a rare infill opportunity to capture the growing demand from food companies that are being displaced from the Fulton Market by the Google effect,” said Doug Hayes, managing director of NelsonHill.
The site is located 4.5 miles from downtown Chicago, with immediate access to the four way interchange at Damen Avenue and I-55.
Doug Hayes and Mark Nelson of NelsonHill represented Wanxiang in the transaction. David Lane of Burr Tempkin represented the seller, American Presidents Lines.
