Best Foods Acquires 188000 SF Property From Hackman Capital Partners With Pete Roberson As Seller's Rep

The transaction involved a 188,000-square-foot refrigerated distribution property located at 4801 S. California Avenue in Chicago, Illinois. The property was previously used as a Budweiser distribution facility and offers strategic access to Interstate 55. It features 16 docks, clear heights ranging from 20 to 26 feet, 225 parking spots, and 115,000 square feet of climate-controlled space, making it suitable for refrigerated distribution.

Summary of transaction details:

• Property Type: Refrigerated Distribution Facility
• Transaction Amount: Undisclosed
• Square Footage: 188,000
• Address: 4801 S California Ave, Chicago, IL
• Market: Chicago
• Seller: Hackman Capital Partners
• Buyer: Best Foods
• Seller's Representative: Pete Roberson, CBRE
• Buyer's Representative: Matt Cowie, Cushman & Wakefield

Steve Livaditis, senior vice president at CBRE, also represented Hackman Capital Partners in this deal. Best Foods, known for its mayonnaise and condiment products, plans to occupy the property for its operations. Livaditis noted that the site provides excellent prospects for food production and distribution due to its location and transportation access.