Prologis Acquires West Loophole Stockroom for $12M
November 10, 2020
Peppercorn Capital, a Chicago-based business actual estate growth company distinctively focused on the West Loop/Fulton Market community since 2000, has actually offered 455 N. Ashland Ave. to Prologis for $12 million.
“Given the enthusiasm bordering last‐mile circulation, the pandemic did not hinder our ability to find an interested purchaser,” stated Phil Denny, proprietor and Chief Executive Officer of Peppercorn.
455 N. Ashland Ave. is a 70,000-square-foot single‐story, precast concrete storage facility originally developed by Horse Clamp/Jorgensen Clamp Firm. It uses convenient access to I-90 and also I-294.
Denny acquired the possession in 2017 and also has actually considering that enjoyed a consistent demand from motion picture production companies, manufacturing devices firms and also a couple of big experiential occasions such as 29 Spaces.
Added Denny, “Surprisingly, activity has been relatively great during the pandemic. I’m expecting performing my purchase strategy in the coming months and years.”
Get CRE Information in 150 words
For comments, concerns or problems, please contact Paul Bubny
Share this article Tags: Industrial, Sale Published at Tue, 10 Nov 2020 08:05:53 +0000
