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CHICAGO RIDGE, IL-A 118-door air freight terminal at 10100 S. Virginia Ave. in this southwest suburb has been sold for $7.3 million. It is the second air freight terminal sold in the past year by Trammell Crow Co. senior vice president Kenneth J. Szady, who represented San Francisco-based purchaser AMB Property Corp. as well as seller Finch & Barry Properties.

The recently-constructed building is located near Harlem Avenue, a heavily-traveled state highway, as well as I-294. Penske Trucking Corp. is the anchor tenant of the 100%-occupied prooerty.

“In Chicago, there is a dearth of high quality air freight facilities near major transportation nodes,” Szady says. “A combination of a low coverage ratio, minimal land availability and stringent zoning requirements influence investor demand for this type of building.”

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