{"id":1004167819,"date":"2017-03-01T02:31:31","date_gmt":"2017-03-01T10:31:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167819"},"modified":"2022-12-08T09:44:38","modified_gmt":"2022-12-08T17:44:38","slug":"ashley-capital-sells-chicago-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ashley-capital-sells-chicago-industrial-park\/","title":{"rendered":"Ashley Capital Sells Chicago Industrial Park"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<p><strong>Chicago<\/strong>\u2014Ashley Capital has sold Calumet Business Center, a 12-building industrial park located south of the Chicago CBD.<\/p>\n<div id=\"attachment_1004167823\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004167823\" data-attachment-id=\"1004167823\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ashley-capital-sells-chicago-industrial-park\/calumet-business-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Calumet Business Center\" data-image-description=\"&lt;p&gt;Calumet Business Center&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Calumet Business Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg?w=800\" class=\"wp-image-1004167823 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg\" alt=\"Calumet Business Center\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Calumet-Business-Center.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004167823\" class=\"wp-caption-text\">Calumet Business Center<\/p><\/div>\n<p>NAI Hiffman represented the seller in the transaction. Pat Sullivan, NAI Hiffman\u2019s senior vice president, Chris Gary, the company\u2019s executive vice president, and Ryan Chambers, the company\u2019s vice president, represented Ashley Capital.<\/p>\n<p>The buyer and sale price were not disclosed.<\/p>\n<p>\u201cThe 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,\u201d Sullivan said in a prepared release.<\/p>\n<p>Calumet Business Center is located just off I-94 at 95th St., and offers excellent highway visibility and access.<\/p>\n<p>The 12-building industrial park comprises more than 2 million square feet. Approximately 70,000 square feet remains available in three buildings.<\/p>\n<p>\u201cCalumet Business Center\u2019s 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,\u201d Gary said. \u201cIt\u2019s truly one of the premier industrial parks in the market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Calumet Business Center comprises 12 buildings totaling more than 2 million square feet.<\/p>\n","protected":false},"author":451,"featured_media":1004167823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21808,21748,13,21742],"tags":[33403],"class_list":["post-1004167819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-featured","category-industrial","category-midwest","category-latest","tag-ashley-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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