(To read more on the industrial market, click here.)

CHICAGO-In a consolidation move, Adjustable Clamp Co. sold three industrial properties along the Kinzie Corridor. The sale was valued at approximately $4 million. Adjustable Clamp has relocated to a nearby property.

Daniel J. Hyman and Greg Block of Millennium Properties negotiated the sale. Two other properties in the company’s portfolio have been listed for sale as well. “The fourth property is close to being sold,” Hyman, the firm’s president, explains to GlobeSt.com. “This package generated a lot of interest. We received multiple offers for the properties.”

Block adds that all three properties are located along the Kinzie Industrial Corridor in a PMD created by the city. “Nearby several similar buildings have been sold for residential use. This has begun to cause prices in the area to increase. The price per sf between residential use and industrial have become quite similar.” According to Hyman, “this will remain a very strong market. Proximity to the Loop is desirable to a host of potential users.”

3B Industries LLC of Schaumburg, IL is the purchaser of 1716 W. Hubbard St. “The buyer is a service-oriented business related to the food industry,” Block says. The facility, which totals 20,957 sf, had a listing price of $1.5 million

The buyer of 417 N. Ashland Ave., Ashland LLC, is a photographer, according to Block. The 15,800-sf facility traded for just under $1.2 million. The last property in this package, 404 N. Armour St. was sold to D&H Funds LLC. This is a sister company of Adjustable Clamp. The 20,000-sf property sold for just under $1.2 million as well.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.