Darwin Represents Seller of Franklin Park Industrial Building
(Elmhurst, Illinois – June 5, 2015) – Darwin Realty is pleased to announce that Darwin’s Rick Daly, Noel Liston, and Jeff Provenza represented the seller, CenterPoint Properties, in the investment sale of a 263,668-square-foot building located at 2425-2553 Edington Street in Franklin Park, Illinois to a private investor who is expanding their portfolio.
Situated on 13.43 acres, the property benefits from close proximity to North Avenue and Grand Avenue. The building features heavy electric power, heavy loading, and food grade cooler space.
“At the outset of the marketing campaign, the building was 55% leased and we quickly secured a 52,000 square foot tenant, Sutton Transport, which increased occupancy to 75%,” said Darwin’s Rick Daly. “The buyer was attracted to the property due to the low vacancy in Chicago’s O’Hare submarket, ample local labor force, abundant trailer parking and flexible space for multiple tenants.”
Cushman & Wakefield’s Larry Goldwasser and Colin Green represented the buyer.
About Darwin Realty
Darwin Realty is a privately held real estate brokerage, property management, investment, and development firm based in suburban Chicago. Since 1975, Darwin’s specialized agents and staff have specialized in Chicago’s dynamic industrial and commercial real estate market. Darwin integrates comprehensive services in order to provide clients with the finest real estate negotiating tools. The corporation’s professionals provide real estate services to all of the large institutional owners of industrial properties in the Midwest.