Gold Eagle got $9.3 million for a 250,000-sf building at 2635 S. Western Ave. In a deal worth more than $8 million, Gold Eagle took 212,000 sf of warehouse space at 2040 W. 43rd St., which is leased to Northfield, IL-based Kraft Foods Inc.
Goode's first deal with Gold Eagle Co. was its 1982 acquisition of a 212,000-sf building at 4400 S. Kildare St., where the company maintains its headquarters as well as a manufacturing plant and warehouse. Ten years later, the company needed more warehouse space, and Goode helped Gold Eagle Co. buy a 95,000-sf building at 4540 S. Kolmar St.
In 1997, Gold Eagle needed even more space. The result was the purchase of the property at the northeast corner of Western Avenue and 27th Street, where Gold Eagle used 150,000 sf while the remaining 100,000 sf was leased to Frozen Assets & Properties. The tenant has become the new owner. A joint venture between Frozen Assets & Properties and Urban Investment Research Corp. plan to convert the property into a freezer building for food storage, and have a $14.3-million construction loan for the project.
Cushman & Wakefield of Illinois director Sally Macoicz also played a role in the most recent deals. She represented Frozen Assets & Properties in its 100,000-sf lease, and teamed with Goode in representing Gold Eagle in its sublease deal. Cushman & Wakefield of Illinois senior director Christopher R. Porter, SIOR handled negotiations for Kraft Foods Inc.
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