fbpx
January 2010

Shipping firm buys Northlake site

northlakesitejpegA Melrose Park shipping company paid about $3.1 million for a site in west suburban Northlake where it plans to build a 100,000-square-foot facility that would include its offices. Go To Logistics closed Jan. 15 on the 13-acre site at 165 W. Lake St., where it intends to tear down the existing 231,000-square-foot building. The company, which currently leases about 35,000 square feet at 2001 Cornell Ave. in Melrose Park, plans to start work this spring with a goal of moving to the new building in the fourth quarter, says Brian Carroll, a senior vice-president with Grubb & Ellis Co. who represented Go To Logistics. Larry Goldwasser, Larry Much and Jay Maher of NAI Hiffman represented the sellers, private individuals including two owners of Olmarc Packaging Co., a food packaging firm now out of business that was headquartered at the site.
Source:  Chicago Real Estate Daily

Recent Blog Posts

Awards & Honors
Brokerage
News
Jim Adler Inducted into Midwest Real Estate Hall of Fame
March 2025

Jim Adler Inducted into Midwest Real Estate Hall of Fame

News
Property Management
Why Choose Hiffman National?
February 2025

Why Choose Hiffman National?

Brokerage
News
NAI Hiffman brokers long-term lease in Carol Stream with zero days of vacancy for building ownership
February 2025

NAI Hiffman brokers long-term lease in Carol Stream with zero days of vacancy for build...