Avison Young Brokers Sale Of Industrial Portfolio In Mount Prospect To FCA

The industrial portfolio located at 1840 S Elmhurst Rd, Mount Prospect, within Chicago's O'Hare submarket, has been sold. The portfolio spans 190,000 square feet and consists of four buildings. The buildings included in the portfolio are 501 Algonquin Road (62,344 square feet), 401-411 West Algonquin Road (15,278 square feet), and 1840-1864 and 1870-1894 South Elmhurst Road (56,182 square feet in each complex).

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Market: Mount Prospect
• Seller's Rep: Mike Wilson (Avison Young)
• Buyer: FCA
• SF: 190,000

Erik Foster and Mike Wilson, representing Avison Young, facilitated the sale on behalf of the seller, Clear Height Properties. The industrial portfolio was 97 percent leased to tenants such as EPP Corp., Nikuni America, and Lapmaster International. The buyer of the property remains undisclosed at this time.