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NAI Hiffman Arranges Sale of 254,425-Square-Foot Industrial Building in Bridgeview, Ill.

December 6, 2019

NAI Hiffman, the largest independent real estate services firm in the Midwest, today announced the sale of 7557-7575 S. 78th Ave., a 254,425-square-foot industrial building in Southwest suburban Bridgeview, Ill. NAI Hiffman Executive Vice President Lawrence Much, SIOR; Executive Vice President Steve Connolly, SIOR; and Associate Drew Bulson marketed the property on behalf of the owner, Heller Industrial Parks, and also procured the buyer, TradeLane Properties, an Oak Brook, Ill.-based private investment group. The new owner plans to immediately begin extensive renovations to modernize the building, and has secured NAI Hiffman as its leasing agent.

Built in 1970, the 254,425-square-foot distribution warehouse includes 37 exterior loading docks, one drive-in door, 20-foot clear ceiling heights, 113 trailer positions, 40-foot-by-40-foot column spacing, heavy power for manufacturing, Indiana Harbor Belt (IHB) rail service and ample land for outside storage. The seller was the original owner and designed the building to be evenly divided if needed, to accommodate two tenants.

“There is enormous investor interest in buildings such as this one that can serve as last-mile hubs for e-commerce, as consumer demand for shorter delivery times, including same-day service, continues to grow,” said Much. “From Bridgeview, goods can be delivered quickly to end users in downtown Chicago as well as to the millions of consumers within the greater Chicago metropolitan area. The location also appeals to manufacturers and distributors for easy access to a large skilled-labor force.”

7557-7575 S. 78th Ave. is centrally located in Southwest Cook County less than four miles from I-55 and less than three miles from I-294. The center is located near shops and restaurants along Harlem Avenue, six miles from Midway International Airport, 25 miles from O’Hare International Airport and 16 miles from Chicago’s Loop.

About NAI Hiffman:

NAI Hiffman is the largest independent real estate services firm in the Midwest, providing leasing, management, tenant representation, capital markets, project management and marketing services for institutional and private owners and occupiers of commercial real estate. It currently leases and manages an 89+ million square foot portfolio of more than 700 commercial properties throughout the region, with a primary focus on metropolitan Chicago.  With more than 200 employees, NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, with more than 6,700 local market professionals managing more than 380 million square feet of property. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific. For more information, please visit www.hiffman.com.

NAI Hiffman represented Heller Industrial Parks in the sale of 7557-7575 S. 78th Ave., a 254,425-square-foot industrial building in Bridgeview, Ill., and also procured the buyer, TradeLane Properties.