The Missner Group Closes Sale of 50 S. Fairbank Street Industrial Property in Addison, Illinois
80,000+-square-foot Class A asset developed with Realterm sells in off-market transaction
Storefront of 50 S. Fairbank, the 80,000+ SF industrial building in Addison, IL.
Chicago, IL – November 18, 2025 – The Missner Group has completed the sale of 50 S. Fairbank Street in Addison, Illinois. The 80,464-square-foot Class A industrial building developed in partnership with Realterm was sold in an off-market transaction.
Delivered in 2023, the modern facility was designed to meet the growing demand for high-quality industrial products in Chicago’s western suburbs. The building features 32-foot clear heights, 13 exterior docks, two drive-in doors, an ESFR sprinkler system, and 180 parking spaces. Located minutes from I-355, the site provides direct access to the western submarket and a highly skilled local workforce.
“Fairbank represents exactly the type of industrial development we strive to deliver,” said Barry Missner, CEO at The Missner Group. “This partnership with Realterm highlights our focus on delivering top-quality projects across the Midwest.”
The property is leased to Midwest Solutions, Cytronic, and PGW Autoglass.
The sale of 50 S. Fairbank Street continues the recent momentum for The Missner Group and Realterm, following fully leased speculative development in East Chicago, Indiana. Only 27,061 square feet remains available for lease within the 460,000+ square foot, three-building joint venture launched in 2021, underscoring the strong demand for quality infill industrial space.
ABOUT THE MISSNER GROUP
Established in 1945, The Missner Group (TMG) provides comprehensive and integrated real estate investment, development, acquisition, and construction services throughout the Midwest. TMG has completed over 3 billion dollars of construction and over 25 million square feet of development. For almost 80 years they have committed to the same mission and vision establishing themselves as a premier and preferred general contractor and developer throughout the Midwest.
Media Contact:
Grace McNelis
484-269-6725