fbpx
June 2009

Sandler Sanitary sells its Chicago building

sandlerNAI Hiffman’s Industrial Services Group has brokered Chicago’s first industrial building sale completed this year within the city’s limits. Sandler Sanitary Wiping Cloth Co. has sold its 68,000-sq-ft warehouse, located at 2229 S. Halsted St., to Chicago-based real estate investment group, Sterling Bay Cos..
Brian Colson, executive vice president, Larry Goldwasser, vice president, and Eric Fischer, senior associate with NAI Hiffman’s Industrial Services Group, represented Sandler Sanitary.

The buyer has plans to conduct extensive rehabilitation to the interior and cosmetic work on the exterior, creating loft industrial unit space. They will also add parking in the rear of the building.

“The new design should enhance the image of the property location just off the corner of Cermack and South Halsted Street,” said Goldwasser. “This sale happened because Sterling Bay felt the location was excellent and offered good development opportunity.”

Sterling Bay Cos. was formed in 1986 in the Wrigleyville neighborhood with a focus on rehabbing three flat residential buildings. Today, Sterling Bay is aggressively expanding its 2 million-sq-ft portfolio both locally and nationally.

Source: Illinois Real Estate Journal

Recent Blog Posts

Awards & Honors
Brokerage
News
NAI Hiffman’s Dennis Hiffman honored with Inspiring Leader Award by Oak Brook Chamber of Commerce
November 2022

NAI Hiffman’s Dennis Hiffman honored with Inspiring Leader Award by Oak Brook Cha...

Brokerage
News
Inflation, Interest Rates and the Industrial Market
November 2022

Inflation, Interest Rates and the Industrial Market

Awards & Honors
Brokerage
News
Adam Roth Discusses Holiday Logistics and Commerce with WGN
November 2022

Adam Roth Discusses Holiday Logistics and Commerce with WGN