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Dart Facility Attracting Foreign Interest

CHICAGO—In this UPDATE to last week's story, Erik Foster of Avison Young speaks with GlobeSt.com on the firm's new assignment to sell the giant Dart Distribution Center in suburban University Park.

By Brian J. Rogal | Updated on October 22, 2013

Erik Foster of Avison Young expresses a great deal of confidence that the 1.56-million-square-foot Dart Container / Solo Cup National Distribution Center will attract some of the biggest potential buyers, both from the US and from overseas. “As the economy continues to show improvement, and prices continue to rise on the coasts, the core market in the center of the US becomes more attractive,” he says.

Dart has ten years remaining on a triple net lease, yet another factor that should draw institutional investors, Foster adds. “Some of the principal REITs will also have some interest in the property.”

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