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Mumford to Redevelop 255,000-SF Rexam Building

BEDFORD PARK, IL-The building located on 8.2 acres at 5001 W. 66th St. will be redeveloped for use by multiple tenants after being sold by the London-based food packager for $2.35 million.

By Mark Ruda | Updated on July 15, 2003

BEDFORD PARK, IL-Mumford Properties plans to redevelop a 255,000-sf industrial property it acquired from London-based food packager Rexam Inc. for $2.35 million for multiple tenants. The building at 5001 W. 66th St. is located on 8.2 acres in this southwest suburb.

“This sale shows some confidence in the leasing market coming back,” says Cushman & Wakefield senior director Walter Murphy, who represented Rexam Inc. with associate Scott Anderson. “There is faith in the area’s labor market and Bedford Park has always been labor driven.”

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