Melrose Park Industrial Building Sells For $4.3M

Wednesday, February 13, 2019 || By Local News Curator || @maywoodnews

Featured image: 2525 Armitage Avenue in Melrose Park, which recently sold for $4.3 million. | Google Earth

A roughly 229-000-square-foot industrial building that’s located on nine acres at 2525 Armitage Avenue in Melrose Park recently sold for $4.3 million, according to a report published in January by RE Journals, a leading commercial real estate trade publication.

The report explained that Lee & Associates, a Rosemont-based commercial real estate services firm, recently closed a sale transaction on the property.

Ryan Kehoe, the vice president at Lee & Associates, said that the buyer plans on “relocating one of their business units from nearby Franklin Park to Melrose Park.”

Read the full RE Journals report here. VFP

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