Marcus & Millichap Facilitates $17.4M Sale and Financing of Industrial Property in Wheeling, Illinois, with Cold Storage Expansion Plan

Reuters

Aug 08, 2025

Marcus & Millichap Facilitates $17.4M Sale and Financing of Industrial Property in Wheeling, Illinois, with Cold Storage Expansion Plan

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale and financing of an industrial property located at 199 Shepard Avenue in Wheeling, Illinois, for $17.4 million. The 96,712-square-foot property, which sits on 9.52 acres, is fully occupied and features cold storage, industrial outdoor storage, and rail access. The sale includes a partial leaseback with JV Global Services and plans for a 14,796-square-foot build-to-suit cold storage facility for Ready Set Gourmet. Marcus & Millichap's division, IPA Capital Markets, secured $11.4 million in financing with a 5-year loan. This transaction underscores the strong demand for industrial assets in the Chicago market, especially those with significant truck parking capabilities and strategic location advantages.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 07, 2025, and is solely responsible for the information contained therein.

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Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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The 96,712-square-foot property, which sits on 9.52 acres, is fully occupied and features cold storage, industrial outdoor storage, and rail access. The sale includes a partial leaseback with JV Global Services and plans for a 14,796-square-foot build-to-suit cold storage facility for Ready Set Gourmet. Marcus & Millichap's division, IPA Capital Markets, secured $11.4 million in financing with a 5-year loan. This transaction underscores the strong demand for industrial assets in the Chicago market, especially those with significant truck parking capabilities and strategic location advantages.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 07, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}