CHICAGO— An affiliate of Premier Transportation recently purchased a 319,683-square-foot industrial building located at 2635 Federal Signal Dr. in south suburban University Park, one of the largest industrial sales to a user in Will County in 2014.

The Atlanta-based Premier provides transportation services and logistics to retail and consumer products companies nationwide and will use the property to consolidate and expand its Chicago operations. Darwin Realty & Development Corp., a firm in suburban Chicago, helped broker the sale. George Cibula, and Rick Daly of Darwin represented the seller, a private investment group. Jason West and Sean Henrick of Cushman & Wakefield worked on behalf of Premier. The parties did not disclose the price, but RealtyTrac reported it as $8.4 million.

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?

 

GlobeSt. INDUSTRIAL 2022Event

This conference brings together the industry's most influential & knowledgeable industrial real estate executives

Get More Information
 

GlobeSt

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 © 2022 ALM Global, LLC. All Rights Reserved.