Distribution warehouse purchased outside Chicago

Manufacturer dumps asset

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Grubb & Ellis Co. recently represented CenterPoint Properties Trust in the purchase of a 138,085-square-foot distribution facility in Franklin Park, Ill. The value of the transaction was not disclosed. The property is located at 10701 W. Belmont. Built in 1970, the single-story, class C facility features 24-foot clear ceiling heights, 10,000 square feet of office space, 22 loading docks, one drive-in door, and parking for 100 vehicles. GCC Drum, a nationwide manufacturer of plastic and fiber drums, sold the property. Los Angeles-based Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide. ...