Transwestern today announces it brokered the disposition of a four-building, 160,961-square-foot industrial property immediately east of O’Hare International Airport in Schiller Park, Illinois. A trust in the name of Howard Bernstein, the late founder of Atlas Cos., sold the 7.3-acre site for an undisclosed price to Morton Grove-based Skyline Properties LLC. Transwestern Principal Phillip Rosenberg and Senior Associate Ryan Phillips represented the seller in the transaction.

“As the largest available site in the O’Hare submarket east of the airport, this property drew significant investor interest,” Rosenberg said. “With O’Hare airport and several major expressways just minutes away, the site is ideally suited for industrial use. Although, its proximity to the Donald E. Stephens Convention Center, Fashion Outlets of Chicago and MB Financial Park also presents a compelling redevelopment opportunity for the new owner.”

Consisting of 5040 – 5050 N. River Road and 9420 – 9500 W. River St., the site currently serves as the Atlas corporate headquarters. The distributer and servicer of material handling, construction and floor cleaning equipment will relocate to Elk Grove Village in March as part of an expansion.

Nick Saraceno of CTK Chicago Partners represented Skyline Properties in the transaction.

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Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Chicago and Rosemont offices, follow @TranswesternCHI.