Sterling Organization announced it has sold 3300 Finley Road in Downers Grove, Ill. The property was sold to an undisclosed buyer for $24.5 million.
The 152,080-square-foot vacant property, formerly occupied by a Fry’s Electronics Store, sits on 16.15 acres of land. The property was acquired by Sterling in July 2021 for $11.27 million through its consumer-logistics fund, Sterling Consumer Logistics Properties I, which seeks to opportunistically acquire primarily vacant, freestanding, retail buildings with the intent to convert them into Neighborhood Fulfillment Centers in an effort to solve the LAST HOUR® delivery dilemma in the retail ecosystem.
