CHICAGO—GLG International has purchased a 38,000-sq.-ft. freezer facility here at 2300 W. Lake Street for $3.8 million from J&S Produce.
GLG acquired this rare freezer/cooler facility on Chicago’s Near West Side to accommodate its expansion, according to NelsonHill, which represented the company in the purchase. Built in 2000, the building features 35-foot clear ceiling heights, 12,000 square feet of cooler and 2,400 square feet of freezer space.
Mark Nelson with NelsonHill said the company is moving its specialty meat processing and cold storage operation up from the Southwest. “The property offers exceptional potential with its existing infrastructure, 6B Tax Incentive and its excellent location close to downtown Chicago. An aggressive purchase price coupled with favorable SBA financing were driving factors in creating maximum value for the new GLG venture,” he said in a statement.
Mark Nelson and Michael Nelson represented GLG in this transaction. John Joyce, Ryan Phillips and Chris Ricketts with Newmark Knight Frank Epic represented the seller.