Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Former Dean Foods Facility Sells for Redevelopment
DarwinPW Realty principal Jerry Sullivan and Axiom Advisors represented the seller, NDSM Franklin Park, LLC, in divesting a 102,950-square-foot building at 3600 River Road in Franklin Park, IL. DarwinPW SVP Jeffrey Provenza and JLL’s Brian Carroll represented a private investor in purchasing the property, formerly a Dean Foods facility.
“The building is beginning to become obsolete, so the best use for this site will be for redevelopment,” said Provenza. “With its proximity to I-294 and I-90, its location will lend itself to a distribution or ecommerce user.”
The Class B building was constructed in 1954 and has eight exterior docks and eight drive-in doors. It has more than 500 feet of road frontage, a large area for outdoor storage, trailer parking and a 10,000- square-foot cooler. The strong labor market and desirable location make it a good candidate for renovation or redevelopment.
- ◦Sale/Acquisition
