February 11, 2019
Colliers International | Chicago’s Jeff Devine and Steve Disse represented Venture One in its sale of an 81,212-square-foot logistics facility at 845 Larch Ave. in Elmhurst, IL. The new-build property traded for an undisclosed price to Alpha Industrial.
“Venture One viewed it as an opportune time to sell this very well-located small facility,” said Devine. “845 Larch was one of two new construction projects completed in the Central DuPage submarket in 2018. The area is experiencing record low vacancy rates, which was reflected in the fact that the subject building had been partially leased prior to completion.”
Completed last December, the facility is situated on 4.7 acres. The centrally-located 845 Larch offers immediate access to O’Hare International Airport, along with the entire Chicago market via I-290 at York Road, I-294 and I-355.
At the time of sale, the facility had 55,879 square feet remaining available, divisible to two units.
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