By Keith Loria, Contributing Editor
Chicago—Ashley Capital has sold Calumet Business Center, a 12-building industrial park located south of the Chicago CBD.
NAI Hiffman represented the seller in the transaction. Pat Sullivan, NAI Hiffman’s senior vice president, Chris Gary, the company’s executive vice president, and Ryan Chambers, the company’s vice president, represented Ashley Capital.
The buyer and sale price were not disclosed.
“The acquisition allows new ownership the opportunity to create a foothold in the Chicago industrial market in a single transaction, with a roster of quality tenants and a concentration of assets in a top infill location,” Sullivan said in a prepared release.
Calumet Business Center is located just off I-94 at 95th St., and offers excellent highway visibility and access.
The 12-building industrial park comprises more than 2 million square feet. Approximately 70,000 square feet remains available in three buildings.
“Calumet Business Center’s unique combination of daily direct rail service from a Class I rail provider (via the Norfolk Southern), proximity to established manufacturing facilities, and heavy parking and dock ratios have allowed the park to attract an enviable roster of long-term tenants,” Gary said. “It’s truly one of the premier industrial parks in the market.”