Housewares Provider Snaps Up Pair of O’Hare Properties
CBRE arranged the acquisition of two industrial properties totaling 182,845 square feet near O’Hare International Airport. Entities owned by Steve Greenspon, the owner of Honey-Can-Do International LLC, acquired a 96,225-square-foot facility at 11600 King St. in Franklin Park, IL and an 86,620-square-foot building at 5303 St. Charles Rd. in Bellwood, IL. Sales prices weren’t disclosed.
CBRE’s Peter Roberson and David Lind represented the buyer. Honey-Can-Do International LLC is a leading provider of housewares operating under brands such as Honey-Can-Do, Joyce Chen, Perch and Old Stone Oven.
“The O’Hare Airport industrial market is seeing surging demand and record-low vacancy,” said Roberson. “Many businesses that previously relied on ocean cargo are shifting towards air cargo in response delays at the ports. Securing these properties in this location provides strategic advantages that will support Honey-Can-Do’s long-term growth.”
Greenspon said the acquisitions grew his company’s Chicagoland footprint to nearly 700,000 square feet.
- ◦Sale/Acquisition