Illinois cold-storage facility changes hands

Building fetches $123 per square foot

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Marcus & Millichap arranged the sale of a 517,887-square-foot industrial facility in University Park, Ill., for a price of $63.3 million. University Park Cold Storage LLC sold the class A property to BVSEF University Park Cold Storage LLC. Located at 450 Central Ave., this high-tech, cold-storage facility was fully occupied by Continental Refrigerated Services at the time of sale. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. ...