Property records indicate the deal was financed with a $2.62-million loan from Harris Trust & Savings. ProLogis Trust held the building for six years, grossing a $300,000 profit on the deal, property records also reveal.
Epic/Savage Realty Partners/TCN Worldwide principal David Mitidiero represented the wood-molding distributor in the purchase of the property. Walter Murphy and Scott Anderson of Cushman and Wakefield represented ProLogis Trust.
Access to a rail spur was a factor in Rayner & Rinn-Scot's decision. "The acquisition of 6700 Old Harlem Road allows for continued expansion of our firm and guarantees efficiency due to its proximity to our current Bedford Park plant," says Rayner & Rinn-Scott CFO officer Todd Berry says in a statement.
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