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Chicago & Midwest  + South Side  + Industrial  |  January 14, 2025
Jasmine Kilman
By: Jasmine Kilman

Colliers Arranges Sale of Distribution Center in Chicago

A Colliers team of Jeff Devine, Steve Disse, and Tyler Ziebel recently represented Ryan Companies in the sale of 716 E. 111th Street in Chicago. An offshore investor advised by Metzler Real Estate was the buyer.

The building is currently 100% leased by Whole Foods Market. Built in 2017 by Ryan, the 140,310-square-foot, Class A food-grade facility is a high-volume operation that services Whole Foods locations in the Chicago area and throughout the Midwest and Canada. 

“The market remains strong for high-quality assets in infill locations,” added Devine, a vice chair and principal with Colliers. “The balanced fundamentals of the Chicago industrial market position the region as an attractive target for capital investment as we begin 2025.”

The sale marks the fifth transaction the Colliers group has closed in the last 90 days, including the sale of a 624,654-square-foot distribution facility at 2700 Ellis Dr. in Joliet to Venture One.

Read More News Stories About: Colliers
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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