February 21, 2020
Chicago-based ACO Commercial’s George Toscas arranged the sale of a 2.8-acre land site in Fulton Market West on behalf of a private investor group. The property, taking up almost an entire city block and fully leased to Standard Equipment Company, sold to Realterm Logistics for $14.8 million in an all-cash deal.
“This was a tremendous opportunity to be in a high-demand area,” said Toscas. “Not only are large parcels such as this hard to come by, but the access the site provides to the city proper and supply chain and distribution infrastructure via multiple interstates is unparalleled.”
The property, assembled over several decades by the ownership group, is adjacent to the $72.9-million CTA Green Line El Station currently under construction. It features four brick buildings totaling 43,828 square feet and large lot used for truck and trailer parking. It has served as Standard Equipment’s headquarters since 1986.
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