NAI Hiffman Arranges Sale of Chicago-Area Industrial Facility
The company marketed the property on behalf of the seller, Heller Industrial Parks, and procured the buyer, TradeLane Properties, which plans to modernize the building.
NAI Hiffman has represented Heller Industrial Park in the sale of its property at 7557-7575 S. 78th Ave. in Bridgeview, Ill. Executive Vice Presidents Lawrence Much and Steve Connolly together with Associate Drew Bulson marketed the asset and procured the buyer, TradeLane Properties. The new owner plans to begin extensive renovations at the property.
Heller Industrial Park built the 254,425-square-foot distribution warehouse in 1970, designing it for two tenants. The asset features 37 exterior loading docks, one drive-in door, 20-foot ceiling heights, 113 trailer positions, 40-foot-by-40-foot column spacing, Indiana Harbor Belt rail service and ample land for outside storage.
The property is located approximately 6 miles from Midway International Airport, 25 miles from O’Hare International Airport and 16 miles from Chicago’s Loop. Access to the warehouse can be made via interstates 55 and 294.
Article by Roxana Baiceanu as featured at Commercial Property Executive.