Angelo Gordon Pays $20M For Chicago Baking Plant
August 20, 2018 | 1 min to read
Angelo Gordon & Co. bought a South Side baking plant for $20.3 million, grabbing a piece of Chicago’s hot industrial market.
The New York-based firm also secured a $27.4 million loan from Citi Real Estate Funding for the acquisition, a sale-leaseback deal with Gold Standard Bakery for the 189,000-square-foot building at 3700 South Kedzie Avenue.
RE Journals reported Avison Young’s Erik Foster, Mike Wilson, Brendan Kelly and Todd Heine represented Gold Standard Baking, which manufactures croissants and other pastries.
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