In a recent deal, CRER Senior Director Christian Arai led the purchase of an 84,461 Sq. Ft. food production and refrigerated warehouse for The Common Market, a national food distribution chain from Philadelphia. The property, located at 7424 South Lockwood Avenue in Bedford Park, IL, closed on March 13, 2025, at a price of $5,321,043.
The building, established in 1931, sits on 2.93 acres. It offers about 9,000 Sq. Ft. of office space and nearly 15,000 Sq. Ft. of cooler area with temperatures kept between 32° and 45°. The site has strong features such as floor drainage, a fully controlled temperature system, and 6 interior docks with levelers. It also has ample parking with 80 spaces.
This property stands out for food production and storage. It is only 10 minutes away from Midway Airport. Major highways like I-55 and I-294 are within about 4.7 miles. It is also close (1.7 miles) to a major CSX rail terminal. Bedford Park is in an Enterprise Zone, which can offer a Cook County 6b Tax Incentive. The area supports a large local workforce and hosts many retailers and food operations.
This deal is a good example of careful planning and strong market knowledge. Christian Arai guided the buyer through a complex process with clear skill and insight. His work helped secure a facility that fits well with The Common Market’s operations and growth plans.
The listing brokers, from Binswanger International, deserve credit for bringing this property to market. Their work helped spotlight this asset and attract serious interest.
Bedford Park remains a key spot for industrial activity. Its mix of good transportation links and solid infrastructure makes it a smart choice for companies in food production and distribution. This transaction shows that strong deals are still being made in industrial real estate, and it underlines Christian Arai’s role in driving such outcomes.
Christian’s role in this sale reinforces his standing in the market. His efforts helped his client find a property that meets their operational needs in a competitive area. This closing is a strong signal for both buyers and sellers in the industrial property market.
