The industrial properties at 2050 N. 15th Ave in Melrose Park, IL were recently involved in a sale-leaseback transaction. These facilities, totaling 149,454 square feet, were acquired by STORE Capital. The buildings have been integral to the operations of Caputo Cheese for over two decades, serving various purposes such as manufacturing, processing, distribution, storage, and hosting a company store.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 2050 N. 15th Ave, Melrose Park, IL
• Market: Melrose Park
• Seller's Rep: Thomas Rodeno (Colliers International)
• Buyer: STORE Capital
• SF: 149,454

Colliers International Chicago’s Mike Senner and Tom Rodeno represented Promus Equity Partners, LLC, in this transaction. The properties include climate-controlled buildings for production and storage, with 2050 N. 15th Ave now under a 20-year lease with Caputo Cheese. Senner expressed appreciation for the collaboration that led to the successful execution of the sale-leaseback deal.