27 May PW Commercial / TCN Worldwide Sells 550,391 SF Building on 33.5 Acres in East Chicago, Indiana
PW COMMERCIAL – TCN Worldwide (PW) is pleased to announce Ed Wabick SIOR, Terry Lynch SIOR, and Marc Hale represented the Seller in the disposition of a 550,391 SF building located at 4407 Railroad Ave in East Chicago, Indiana.
The property is fully leased to three tenants, is rail served, has over 9 acres of excess land ready for development, and is located in an Opportunity Zone.
Ed Wabick, a Principal with PW Commercial stated, “This transaction represents one of the largest investment transactions in Northwest Indiana in recent years. Due to the fact that the property is located a few miles from the Illinois border, occupied by manufacturing tenants with significant infrastructure and labor in a right-to-work state, is located in an Opportunity Zone, plus has excess land to be developed, we had a lot of interest from buyers across North America. Industrial assets in Indiana have great potential from a national audience of buyers, you just need to right team to be able to broadcast all the benefits to find the best buyer.”
About PW Commercial – TCN Worldwide
Paine Wetzel TCN Worldwide (PW) is a corporate real estate firm headquartered in Chicago. Since 1975, PW brokers have specialized in the leasing and disposition of office and industrial properties. The firm offers specialists in investments, transactions, consulting and project management who possess an unrivaled depth of local market knowledge, supported by the latest in technology. For more information, please visit www.painewetzel.com.