Transwestern Brokers Sale Of 388,299 Sf Industrial Portfolio In Chicago’s North SuburbsFebruary 5, 2016
Transwestern today announces it brokered the disposition of a two-building, 388,299-square-foot industrial portfolio in Chicago’s north suburbs to an undisclosed buyer. The portfolio includes a 209,098-square-foot property at 6123 – 6227 Monroe Court, in Morton Grove, and a 179,201-square-foot building at 3500 Oakton St., in Skokie. The seller, Skokie-based Edler & Company Inc., was represented by Transwestern Senior Director Denise Stein Chaimovitz.
“Both properties benefit from their proximity to Interstate 94 and major thoroughfares like Oakton Street,” said Chaimovitz. “Given the lack of available space in North Cook County, interest in these buildings was especially high.”
The Morton Grove property includes 209,098 square feet of warehouse space among five units that range in size from 23,500 to 62,581 square feet and feature 28-foot ceilings. In Skokie, the 179,201-square-foot building at 3500 Oakton St. includes a mix of industrial and office space. With frontage along Oakton and proximity to retail at the intersection of Oakton and McCormick Boulevard, the site was marketed as a possible redevelopment opportunity for retail or other commercial uses.
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