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BEDFORD PARK, IL-Mumford Properties plans to redevelop a 255,000-sf industrial property it acquired from London-based food packager Rexam Inc. for $2.35 million for multiple tenants. The building at 5001 W. 66th St. is located on 8.2 acres in this southwest suburb.

“This sale shows some confidence in the leasing market coming back,” says Cushman & Wakefield senior director Walter Murphy, who represented Rexam Inc. with associate Scott Anderson. “There is faith in the area’s labor market and Bedford Park has always been labor driven.”

Dan Chopp of the Polivka Group represented Mumford Properties, which is based in Chicago.

The freestanding, rail-served structure includes parking for more than 100 cars and 11,000 sf of air-conditioned office space.

In an unrelated deal on the Southwest Side, Flo Transportation Inc. signed a 21,900-sf lease at 7401 S. Pulaski Ave. in Ford City Industrial Park. NAI Hiffman senior associate Benjamin J. Cremer represented the warehousing and distribution specialist, while Cushman & Wakefield associate Michael C. Nelson represented Chicago-based First Industrial Realty Trust.

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