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| Preferred Freezer leased cold-storage facility, 2500 South Damen Avenue, Chicago, IL |
CHICAGO, IL
– June 30, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it
has closed the $33 million sale of a 128,200-square-foot, Class A, cold-storage
industrial facility 100 percent leased to Preferred Freezer Services in
Chicago, Illinois.
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| Jordan Angel |
HFF marketed
the property to a limited number of qualified investors on behalf of the
seller, Romel Enterprises, LLC. AAG
Management purchased the asset free and clear of existing debt.
Completed in
2003, the one-story building features 6.6 million cubic square feet of freezer
capacity; a 22,200-square-foot refrigerated loading and unloading dock;
U.S.D.A, F.D.A and U.S.D.C. designated inspection areas; HACCP certification;
16 dock doors with levelers and seals; a 100-percent-diesel backup generator to
run the entire facility; private QA laboratories for on-site sampling and
24-hour security.
Situated on
six acres at 2500 South Damen Avenue
in southwestern Chicago, the location provides access to rail and interstate
systems, including Interstate 55.
Additionally, the facility is 21.3 miles from Chicago’s O’Hare
International Airport.
The HFF
investment sales team representing the seller was led by director Jordan Angel, managing director Patrick Sullivan and real estate
analyst Ryan Chambers.
“This
transaction was a win for both buyer and seller,” Angel said. “It represents a great asset fully occupied
by a best-in-class freezer storage company.”
For a complete copy of the company’s
news release, please contact:
Olivia
Hennessey
Public
Relations Coordinator
HFF | 9
Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403
| fax 713.527.8725 | www.hfflp.com
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