NAI Hiffman Arranges Sale of 254,425-SF Industrial Building in Bridgeview, IL

7557-7575 South 78^th Avenue, a 254,425-square-foot industrial building in Southwest suburban Bridgeview, IL

Lawrence Much

 OAKBROOK TERRACE, IL — NAI Hiffman, the largest independent real estate services firm in the Midwest, announced the sale of 7557-7575 S. 78^th 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.

Steve Connolly,

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.

Drew Bulson 

 “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.

CONTACTS: 

Patty Cronin, pcronin@taylorjohnson.com, (312) 267-451

Gretchen Muller, gmuller@taylorjohnson.com, (312) 952-4802

www.hiffman.com