Hackman Capital Trades Refrigerated Warehouse in Archer Heights
CBRE recently represented Hackman Capital in the sale of a 188,000-square-foot refrigerated distribution property at 4801 S. California Ave. in the West Side’s Archer Heights neighborhood. Pricing wasn’t disclosed.
Steve Livaditis and Pete Roberson with CBRE represented Hackman Capital in the sale. Cushman & Wakefield’s Matt Cowie advised the buyer, Best Foods. Best Foods, a mayonnaise and condiment provider, will occupy the space.
A former Budweiser distribution facility, the property offers strategic access to I-55 as well as BNSF railroad tracks, and can accommodate single or multiple industrial users for manufacturing, warehousing and distribution in Chicago. It’s one of the area’s few large-scale properties with clearance heights up to 26 feet, according to Hackman Capital.
“This is a tremendous site for city and market-wide food production and distribution, given its proximity to the CBD, access to transportation and population density,” said Livaditis.
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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