Seth Halpern Brett Katz And Jared Rubin Of Range Group Acquire Industrial Property In Chicago For $4.6M

The property asset involved in this transaction is a vacant warehouse located at 325 North Ashland Avenue in Chicago. The sale price was $4,600,000, and the warehouse consists of 80,000 square feet. This industrial asset also includes a 43-space surface lot.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $4,600,000
• Address: 325 North Ashland Avenue
• Market: Chicago
• Square Footage: 80,000
• Price Per Square Foot: $58
• Buyer: Seth Halpern, Brett Katz & Jared Rubin - Range Group
• Seller: Neil P. Doyle - TradeLane Properties
• Brokers: Larry Goldwasser, Matt Cowie & John Marks - CBRE

Range Group acquired this property from TradeLane Properties, who previously purchased it in 2020 for a higher price. The deal was facilitated by CBRE, indicating a focus on renovation and marketing for office, distribution, storage, or light manufacturing uses.