The Capital Markets team at Colliers Chicago, led by Jeff Devine, Steve Disse, and Tyler Ziebel, successfully represented an institutional real estate advisor in the recent sale of 800 Phoenix Lake Avenue. This state-of-the-art logistics facility is located just west of O’Hare International Airport in Streamwood and spans over 152,000 square feet.
The buyer was an Atlanta-based institutional investor. Developed by The Missner Group in 2020 on spec., this property offers modern space with a clear-height ceiling of 32 feet and features amenities such as ample car parking and ESFR fire protection. Currently fully leased to two tenants with staggered lease expirations – Pelton Sheperd Industries and ACME Furniture – this facility is ideal for small to midsize users.
Strategically situated near the full four-way interchange at Irving Park Road and the Elgin-O’Hare Expressway, this property provides immediate access to both the U.S interstate system as well as O’Hare International Airport. According to Devine: “This was a unique opportunity for our client to acquire a Class A asset at a significantly lower cost compared to other options around O’Hare.”
