{"id":1004122333,"date":"2015-07-01T07:08:35","date_gmt":"2015-07-01T15:08:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354259"},"modified":"2020-04-15T03:07:36","modified_gmt":"2020-04-15T11:07:36","slug":"nyc-investor-bets-on-chicago-industrial","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nyc-investor-bets-on-chicago-industrial\/","title":{"rendered":"NYC Investor Bets on Chicago Industrial"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"2500<\/a><\/p>\n

2500 S Damen Ave<\/em><\/p>\n<\/div>\n

A Class A industrial property in southwestern Chicago recently changed owners.<\/p>\n

With the help of an HFF<\/a> team led by director Jordan Angel, managing director Patrick Sullivan and real estate analyst Ryan Chambers, San Mateo, Ca.-based Romel Enterprises LLC<\/a>\u00a0sold a 128,000-square-foot cold storage facility to another out-of-state investor. New York City-based AAG Management<\/a> purchased the facility at 2500 S. Damen Ave. for $33 million, free and clear of debt.<\/p>\n

The Class A industrial facility was completed in 2003 and is currently 100 percent occupied by Preferred Freezer Services<\/a> of Chicago. The one-story asset features a 22,200-square-foot loading and unloading dock, 16 dock doors with seals and levelers, private QA laboratories for on-site sampling, as well as 24-hour security. Additionally, the facility is HACCP certified and incorporates U.S.D.A. and U.S.D.C. designated inspection areas.<\/p>\n

The property on Damen Ave. offers easy access to rail and interstate systems, including the I-55, and is roughly 21 miles away from Chicago\u2019s O\u2019Hare International Airport.<\/p>\n

According to HFF\u2019s Jordan Angel, the transaction \u201crepresents a great asset fully occupied by a best-in-class freezer storage company.\u201d<\/p>\n

Image courtesy of Preferred Freezer Services<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

A Class A industrial property in southwestern Chicago has recently changed owners.<\/p>\n","protected":false},"author":192,"featured_media":1004506888,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004122333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nNYC Investor Bets on Chicago Industrial - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nyc-investor-bets-on-chicago-industrial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NYC Investor Bets on Chicago Industrial\" \/>\n<meta property=\"og:description\" content=\"A Class A industrial property in southwestern Chicago has recently changed owners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nyc-investor-bets-on-chicago-industrial\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-01T15:08:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-15T11:07:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/chicago_orignial_pic2.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"NYC Investor Bets on Chicago Industrial\",\"datePublished\":\"2015-07-01T15:08:35+00:00\",\"dateModified\":\"2020-04-15T11:07:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/\"},\"wordCount\":204,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/chicago_orignial_pic2.jpg\",\"articleSection\":[\"Chicago\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nyc-investor-bets-on-chicago-industrial\\\/\",\"name\":\"NYC Investor Bets on Chicago Industrial - 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