"This was built in stages by the former American Licorice production company, so the attributes of the building lends itself toward food users," Weiner tells GlobeSt.com. "There are features of the building that make it appealing to any food user, and some of the finishes of the building made it appealing to Labriola. They could see themselves in it, and it had some qualities that made it functional for them in the way it was set up."

The property offers 20 to 25-foot clear ceilings, and was built in stages beginning in 1975 and 1995, with the most recent addition in 1998. Acquired by Madison in 2008, Labriola's new building offers 220,000 square feet it total. It is fully occupied, with the remaining 40,000 square feet leased by Bill Downs Enterprises.

The asking lease rate at the building was $4.25 per square foot gross, and Labriola also got tax abatements through its deal. "The landlord got aggressive, and the building was a good fit for them," Weiner says. The property is located in an industrial pocket of Alsip in the south suburban submarket, where overall occupancy is around 87%, according to Grubb & Ellis' mid-year industrial market report.