North Side Industrial Buildings Set for Post-Sale Modernization
Avison Young negotiated a 100,000-square-foot, three-building industrial sale on Chicago’s North Side for an undisclosed sum. The contiguous buildings are at 4006 W. Belden Ave., 2311 N. Keystone Ave. and 2321 N. Keystone Ave., on the northeast corner of W. Belden and Keystone avenues.
Principal Steven Kohn and associate Patrick Richwine represented the seller, Eazypower Corporation, which is relocating to a new corporate headquarters in Chicago’s northern suburbs. The buyer was a Chicago multi-tenant industrial investor that plans an extensive renovation to modernize the property. The buyer has retained Kohn and Richwine as marketing agents for the redevelopment.
“There is an incredible demand for industrial space in Chicago’s infill neighborhoods,” said Kohn. “This is a unique property in an excellent location that will allow the new owner to customize the space for its own uses and also turn a portion of it into income-producing space.”