Colliers Bennett & Kahnweiler completes industrial complex sale
June 30, 2010 | Staff Writer | Print Article | Email this Article
Bob Chodos, principal; and Steve Levitas, executive vice oresident, both with Colliers Bennett & Kahnweiler, represented Hill Mechanical Group in the purchase of a three building, 183,950-square-foot industrial complex situated on 19.4 acres in Franklin Park, Ill.
The sale transaction closed on May 28, 2010 and the seller was CGI Franklin Park LLC (Central Grocers, Inc.).
The buildings include 11100 Belmont Avenue, an 83,670-square-foot facility; 3201 Wolf Road, a 71,306-square-foot; and 3205 Wolf Road, a 15,450-square-foot facility. The three-building complex is located on a 19.4-acre land site. The buildings were vacated when Central Grocers relocated its operations to a build-to-suit in Joliet’s Cherry Hill Business Park.
Hill Mechanical Group is a contracting mechanical engineering organization with Chicago-area roots dating back to the 1930s. The company now boasts highly developed preconstruction planning and prefabrication abilities, and needed additional space to continue its growth strategy.
Hill Mechanical is expected to undergo a phased-in occupancy over the next 12 months.
Tags | Chicago, Colliers Bennett & Kahnweiler, industrial, sale
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