NAI Hiffman’s Industrial Capital Markets team sells Calumet Business Center for Ashley Capital
CHICAGO, IL (February 27, 2017) – NAI Hiffman is proud to announce that the firm has represented Ashley Capital in its recent sale of a 12-building industrial park.
NAI Hiffman Senior Vice President, Pat Sullivan, Executive Vice President, Chris Gary and Vice President, Ryan Chambers, represented the owner, Ashley Capital in its disposition.
The 12-building industrial park, known as Calumet Business Center, is located south of the Chicago CBD and is comprised of more than 2,070,000 square feet. The buyer and sale price remains undisclosed at this time.
“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,” according to Sullivan.
Chris Gary represented Ashley Capital in all leasing activity at the property for the past 13 years and has been retained by the new owner to lease the remaining vacancies. Approximately 70,000 square feet remains available in three buildings. Calumet Business Center is located just off I-94 at 95th Street, with excellent highway visibility and access.
“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,” according to Gary. “It’s truly one of the premier industrial parks in the market.”