Chicago & Midwest + Midwest + Distressed Assets | March 29, 2021

A&G Markets Chicago-Area Industrial Parcel in Bankruptcy Sale

A&G Real Estate Partners is now accepting bids for a 19.34-acre industrial parcel located approximately five miles from the Indiana/Illinois border and 25 miles from downtown Chicago. The bid deadline in the bankruptcy sale of the Hammond, IN, property is April 16.

Located nearby the Indiana Toll Road and I-80/94, the property includes 115,000 square feet of buildings ranging up to 31,765 square feet in size. The buildings are in various states of condition and some will require demolition as part of a redevelopment plan. They were primarily used for manufacturing and warehousing, with the warehouse structures offering multiple shipping and loading docks.

“Given Indiana’s pro-business environment, lower taxes and excellent incentives, as well as the proximity of this site to intermodal transportation, this property presents an appealing real estate acquisition for industrial users or developers across the region,” said Jamie Coté, A&G senior managing director, real estate sales.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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