Van Lang Foods - Industrial Food Processing - Countryside, IL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in an industrial food production facility in Countryside, IL, a suburb in the southwest Chicagoland area.

Comprising 20,158 square feet, the USDA-certified facility located at 5227 Dansher Road, Countryside, IL (the “Property”) houses the mission-critical food production and distribution operations for Van-Lang Enterprises (“Van-Lang” or “Tenant”), a national manufacturer and distributor of fine appetizers and hors d’oeuvres with a strong presence throughout the Midwest. Van-Lang has occupied the site since inception in 1986 and recently signed a new lease that currently has ±9.0 years of term remaining, demonstrating its long-term commitment to the site.

The Tenant is owned by Gourmet Culinary Partners (“GCP” or Guarantor”), a tenured company that acquires premium specialty food manufacturers across the US that focus on culinary solutions for customers across the food service and retail sectors. GCP is backed by AUA Private Equity Partners (“Sponsor”), a New York based, operationally-focused, middle-market investment firm providing strategic capital to companies in the food, consumer products and services sectors.

The Property is located within Chicago’s North I-55 corridor submarket. The submarket strategically intersects with I-355 and I-294, providing strong connectivity to Downtown Chicago and the rest of the Midwest. The industrial submarket has performed exceptionally well with 10-year cumulative rent growth of 63.8%.

This offering provides investors the exceptional opportunity to acquire a mission-critical food manufacturing asset in the supply constrained Chicago industrial market supported by a long-term lease with strong tenancy and attractive 3.00% annual base rent increases.