JLL Capital Markets recently closed the sale of 3450 West Touhy Avenue, a 124,000-square-foot flex retail and industrial property located in Skokie, Illinois. The asset was sold for $11.5 million on behalf of seller CenterPoint Properties Trust to Skokie-based Bernard Capital Investment Partners. Michael Nieder, Director at JLL’s Capital Markets Investment Sales Advisory team led the transaction.
The Class A industrial space is currently anchored by XSport Fitness and includes two additional tenants—Skokie Cash & Carry and Howard Packaging—all fully occupied at time of sale with features such as three interior docks, four drive-in doors, an 84-space parking garage with 30 foot clear heights all within close proximity to I94 and O’Hare International Airport near high traffic markets with heavy population density .
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