ROSEMONT, Ill., Aug. 11, 2021 /PRNewswire-PRWeb/ -- Conor Commercial Real Estate is pleased to announce the sale of North Avenue Commerce Center. Located in Winfield, Illinois, the recently developed industrial building offers 265,550 square feet of Class A space.
At the time of sale, the development was 82 percent leased by two tenants. One of the world's largest e-commerce retailers leased 144,645 square feet to use as last-mile warehouse and distribution space, and a furniture manufacturer leased 71,870 square feet to use for warehousing and distribution of workplace, education and healthcare furniture.
"With two high-credit, long-term tenants and space for an additional tenant, North Avenue Commerce Center will be a valuable addition to the buyer's portfolio," stated Brian Quigley, Executive Vice President at Conor. "With unmatched logistical advantages, easy access to Chicago's highways and strong surrounding demographics, North Avenue Commerce Center is a destination for e-commerce and industrial users in the Central DuPage County submarket."
North Avenue Commerce Center is strategically located on a 17.05-acre site on the southwest corner of North Avenue and Morton Road, and boasts logistical advantages for tenants. Situated along State Route 64, the center is just six miles from I-355 and the I-390 expansion project, 10 miles from I-290 and I-88 and 20 miles from O'Hare International Airport. This location enables tenants to conduct business operations with increased ease and efficiency.
The facility itself is also ideal for any tenant as it features a 32' clear height, 50' x 52' column spacing, an ESFR sprinkler system, 56 truck docks and four drive-in doors. Its efficient rear-load configuration makes it perfect for e-commerce, light manufacturing and warehouse users.
The site also supports optimal truck maneuverability with 12 trailer parking stalls, along with on-site parking for 228 vehicles.
The design-build team of McShane Construction Company and Ware Malcomb provided construction and design services for the development. Cushman & Wakefield's National Industrial Advisory Group represented Conor in the sale.
Media Contact
Julia Waterbury, Conor Commercial Real Estate, 847.692.8718, [email protected]
SOURCE Conor Commercial Real Estate
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