Brit Properties Acquires Three-Building Industrial Asset In Chicago For $13M

Brit Properties, a Chicago industrial real estate firm, has acquired a three-building asset in Chicago. The property spans 82,000 square feet and was purchased for $13 million. It is located along the Chicago River's east bank and is occupied by Tampico Beverages and Beverage Flavors International. The acquisition was partially financed by Union National Bank of Elgin.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,000,000
• Address: 2425 West Barry Avenue, 3150 & 3106 North Campbell Avenue, Chicago
• Market: Chicago
• Acres: 5
• Square Footage: 82,000
• Price per Square Foot: $159

Joel Friedland, representing Brit Properties, brokered the deal with the assistance of Michael Milstead and Nick Stellas from Hansen Realty. Union National Bank provided financing for the acquisition.