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Avison Young negotiates sale of multi-tenant 650,000 SF Industrial Building

Avison Young negotiates sale of multi-tenant 650,000 SF Industrial Building January 24, 2023

Chicago, IL – Avison Young has negotiated the sale of a multi-tenant 35-acre land site at 4500 Kishwaukee Street in Rockford, Illinois on behalf of HSA Commercial Real Estate.

Avison Young Principals Erik Foster and Mike Wilson, based in the firm’s Chicago office and leaders of Avison Young’s U.S. industrial capital markets team, represented the seller, HSA Commercial Real Estate; the buyer was a private investor.

The industrial facility that sits on the 35-acre property is located in one of the strongest industrial submarkets in the Rockford area. It has excellent access to the Chicago Rockford International Airport (RFD), which is directly adjacent to the facility. RFD is also home to North America’s second largest UPS hub.

“This is a coveted airport location and strategic logistics focal point for delivery and e-commerce giants such as UPS, Amazon, and others,” said Foster. “The proximity to transportation hubs also adds value to productivity making this an ideal location for manufacturers and logistics companies,” added Wilson.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment, and the community.

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Download property photo: 4500 Kishwaukee Street

Media Contact:

  • Nathan Reyna, Media Relations Specialist, Midwest & Northeast: +1.972.533.1396

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