Midwest Industrial Funds acquires 85,000 SF food production and warehouse building in Chicago
Posted By Staff Writer On February 23, 2015 (9:59 pm) In Chicago Industrial Properties, Homepage, Illinois Real Estate Journal, News
Midwest Industrial Funds recently purchased an 85,000 SF food production and warehousing building on 8.5 acres located at 4300 S. Morgan, Chicago from a private investor. The property is located in the Stockyards Industrial Park and is 100% leased to Taylor Farms, a privately held national food company, who uses the property as a food distribution center and warehouse. Tim McCahill at Lee & Associates represented Midwest Industrial and Nick Saraceno at CTK Chicago Partners represented the seller.
Michael J. Androwich, a Principal with Midwest Industrial stated, “We viewed this as a great opportunity to purchase a very functional building with exterior docks, high ceilings, existing freezer, cooler and food production infrastructure. Larger 8.5 acre sites in Chicago business parks are very tough to come by especially when located just 3 miles from the CBD. It is the first acquisition in a newly formed discretionary fund we co-invest in and manage. We have always been known for our ability to move quickly and close on the investments we put under contract. The forming of this latest fund will allow us to continue with that reputation. We are really excited about this property and the other investment opportunities we are actively pursuing.”
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Article taken from REJournals.com – http://www.rejournals.com
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