Distribution Center Sells for $15 Million

John and Stuart Price dba Crossroads Warehouse Distribution Center LLC has purchased the 780,000-SF distribution center located at Admiral Place and 145th East Avenue for $15 million.
The seller of the property, which formerly served as a food distribution center for Ablertson’s, was LaSalle Bank NA.
The property, which contains about 230,000 SF of refrigerated storage space, sits on 113-acres, 50 of which remain undeveloped.
Albertson’s erected the structure in 1998 at a cost of about $70 million. Albertson’s operated on the property until 2002.
Bob Pielsticker of Trammel Crow Co. brokered the deal.

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