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ADDISON, IL-The Alter Group affiliate EnTrust Realty Advisors LLC has sold a 45,020-sf flex building constructed in 2002 to J. Emil Anderson & Son Inc. for nearly $5.5 million. The building at 91 N. Mitchell Ct. is on a three-acre site within Skokie, IL-based the Alter Group’s 34-acre Tollway Park in this west suburb.

The leased building is evenly divided between office and distribution space that features 26-ft ceiling height than can handle a state-of-the-art racking system.

EnTrust managing principal James I. Clark III indicates J. Emil Anderson & Son, an industrial and commercial property manager and developer, bested a large field of potential buyers to land the property. “We considered numerous national, regional and local investors and identified a firm whose investment objectives uniquely matched this asset,” he says.

J. Emil Anderson & Son’s industrial development portfolio adds up to more than 50 million sf.”We are pleased with this disposition process’ successful outcome, and are confident that all involved parties will benefit strongly from the transaction,” says Michael J. Alter, president of the Alter Group.

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