Cawley Chicago is proud to announce the recent sale of the property located at 5005 Plank Road in Peru, IL. This 52-acre Truck Terminal boasts 27 acres of heavy-duty parking, a terminal building with 146 docks, 10,000 SF of office space, and a 9,600 SF Mechanics Shop with 6 drive-through bays. Jon Chamlin, Joshua Hearne, SIOR, and Reinier Pranger, successfully facilitated the sale of the property.
Originally developed by Consolidated Freight, the property has been in continuous operation by various LTL (Less Than Truckload) companies. LTL is a ground transportation method that consolidates multiple shippers’ freight onto single semi-trucks. This location is strategically situated 85 miles outside of Chicago, making it possible to reach any destination in the country within just 2 days. Peru is a city on the banks of the Illinois River with a rich history dating back to the 1800s. It has a thriving business economy with a diverse range of industries contributing to its growth and success. The property is also in the heart of Chamlin’s Northern Illinois regional focus. As such, this Non-Metro focus expands Cawley’s market expertise into North Central Illinois’s Route 80, 88, and 39 corridors.
“We are thrilled to have been part of this successful sale,” said Josh Hearne, SIOR and Principal of Industrial Brokerage at Cawley Chicago. “This property represents an excellent investment opportunity with its prime infrastructure and the current demand for logistics and warehousing solutions.”
This sale highlights the continuing demand for industrial facilities across the Midwest, and Cawley Chicago is proud to have been the team behind it. The sale is an exciting opportunity for the new owners to utilize the property to its fullest potential and contribute to the economic growth and development of Peru, IL.
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