CICERO, IL—An undisclosed buyer has purchased its second industrial property here in the Cicero Business Center.
Opus Development Co. LLC sold the 260,725-sq.-ft. Building I for an undisclosed sum. The facility, Building I, is in the Cicero Business Center. The neighboring 291,814-sq.-ft. Building II was sold to Cabot in June 2012 and is 100 percent leased by Cloverhill Pastry-Vend, LLC.
Mike Yungerman, vice president, real estate development at Opus, said in a statement that the property is close to downtown Chicago.. “The overall market is continuing to see good activity and positive absorption, especially in infill locations.”
Jason West and Sean Henrick of Cushman & Wakefield represented Opus in this transaction.