Colliers closes sale of 246,446-square-foot logistics facility in Elgin

Colliers closes sale of 246,446-square-foot logistics facility in Elgin

Colliers’ Jeff Devine, Steve Disse and Tyler Ziebel represented Rosemont, Illinois-based Venture One in the sale of an institutional-grade, 246,446-square-foot logistics facility at 2770 Alft Ct. in Elgin, Illinois, to a publicly traded real estate investment trust. Built in 2015, and 100% leased to FleetPride, the cross-docked distribution facility sits in a fully developed business park just south of a full four-way interchange at I-90 and Randall Road, offering users immediate access to one of Chicago’s most vital east-west freight corridors. This proximity supports both regional distribution and last-mile delivery strategies, making the property exceptionally attractive to logistics operators and investors seeking irreplaceable locations in high-flow, infill submarkets.