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Chicago & Midwest  + Chicago + Greater Chicagoland  + Industrial  |  June 7, 2023
Jasmine Kilman
By: Jasmine Kilman

Sale of $11.5M Flex Retail and Industrial Space Closes in Chicago’s MSA


JLL Capital Markets closed the $11.5 million sale of 3450 West Touhy Avenue, a 124,000-square-foot flex retail and industrial property in Skokie, Illinois. JLL marketed the loan on behalf of the seller, CenterPoint Properties Trust, and Skokie-based Bernard Capital Investment Partners acquired the asset. The JLL Capital Markets Investment Sales Advisory team was led by Director Michael Nieder.

The property is currently anchored by XSport Fitness and includes two industrial tenants—Skokie Cash & Carry and Howard Packaging. The Class A industrial space was fully occupied at the time of sale, and the property also features three interior docks, four drive-in doors, and an 84-space parking garage with 30-foot clear heights. Located just miles from I-94 and O’Hare International Airport, the asset is in close proximity to high-traffic and heavily populated markets.

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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