Business

Avison Young to handle sale of Mount Prospect properties

Posted May 16, 2017 1:00 am

Avison Young has been awarded the exclusive sale listing for a 190,000-square-foot, four-building industrial portfolio in Mount Prospect.

The multi-tenant portfolio is located on a contiguous 10.28-acre site north of O'Hare International Airport. The portfolio, which is 97 percent leased, includes buildings at 501 Algonquin Road (62,344 square feet), 401-411 W. Algonquin Road (15,278 square feet), and 1840-1864 and 1870-1894 S. Elmhurst Road (56,182 square feet in each complex).

Avison Young Principals Erik Foster and Mike Wilson, both based in the company's Chicago office and members of the firm's National Industrial Capital Markets Group, are representing owner Clear Height Properties, a Chicago-based investment firm.

"This portfolio offers investors a unique opportunity to secure a well leased portfolio in one of the country's most coveted industrial markets," said Foster. "The O'Hare market continues to outperform many markets across the country and creates tremendous opportunity for investment growth."

Article Comments

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.