Riverridge Properties Sells Industrial Building At 1135 Baker Drive In Itasca For $7.85M

An industrial building located at 1135 Baker Drive in Itasca, Illinois, was sold for $7,850,000. The property encompasses 66,490 square feet, translating to a price per square foot of $118. The asset was previously occupied by AIT Worldwide Logistics.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,850,000
• Address: 1135 Baker Drive
• Market: Itasca
• Seller: Riverridge Properties, LLC
• Buyer's Representative: Bill Byrne & R. Kelly Disser III - NAI Hiffman
• Seller's Representative: Jeffrey (Jeff) Janda & Jeffrey (Jeff) Galante - Lee & Associates
• Square Footage: 66,490
• Price per Square Foot: $118

Lee & Associates facilitated the sale of the industrial building, which will be repurposed for production and distribution by a private buyer. The sale involved key representatives from both sides, with Bill Byrne and R. Kelly Disser III representing the buyer and Jeffrey Janda and Jeffrey Galante representing the seller in the transaction.