Cawley Chicago has successfully completed the sale and purchase of two facilities assisting their client, 3rd Coast Mattress Recycling (aka Chicago Mattress Co. (CMC)) in expanding their business on Chicago’s West side. Principal, Frank Melchert and Vice President, Stevan Arandjelovic represented Chicago Mattress Co. on the sale of their 100,000 square foot facility located at 4444 Ohio Street, direct to an undisclosed buyer. Melchert and Arandjelovic then aided CMC on the purchase of a 170,000 square foot building located at 600 N. Kilbourn Ave.
“This was a great opportunity for a longtime Chicago company to grow and expand their business, while maintaining their employee base here in Chicago. For the same reason CMC wanted to stay in Chicago, the buyer of their property wanted to enter the Chicago Market. Access to good employees and proximity to Chicago’s customer density was the primary catalyst for these transactions. In the upside-down year of 2020, this is another example of the strength of Chicago’s industrial real estate market.” -Melchert
The seller of 600 N. Kilbourn Ave was represented by Vern Schultz with Colliers International.