Dec. 9, 2020-- Chicago Industrial Market Overview Brown Commercial Group negotiated a 36,000-square-foot, long-term lease for Methods Machine Tools, Inc. at 70 Prairie Parkway in Gilberts, Illinois, in Chicago’s northwest suburbs. Brown Commercial Group president Dan Brown negotiated the long-term lease on behalf of the tenant, a leading North American supplier of precision machine tools and automation,...
Dec. 4, 2020-- Brown Commercial Group negotiated a 29,768-square-foot industrial building sale in Chicago’s O’Hare submarket. The building at 104 Foster Avenue in Bensenville, Illinois was sold to Meyer Concrete Pumping and Conveyor Service, LLC, a concrete and material placement contractor. The company was expanding from an 18,000-square-foot leased space in Des Plaines, Illinois. Brown Commercial Group...
Nov. 17, 2020 -- Brown Commercial Group negotiated three industrial transactions totaling 28,583 square feet in Chicago’s suburban market. Brown Commercial Group broker Brian Lindgren completed the three transactions. He represented the buyer, Naperville Auto Solutions, in buying a 14,550-square-foot building at 25W102 Ramm Drive in Naperville, Illinois. The company is expanding from a 3,290-square-foot space...
Nov. 9, 2020 -- Brown Commercial Group negotiated four industrial transactions totaling more than 22,000 square feet in Chicago’s O’Hare submarket. The deals included one sale and three new leases in Franklin Park, Illinois. Idea Property Investments, LLC., a private investor looking to expand its O’Hare portfolio, acquired the 11,109-square-foot industrial building at 9231-9233 Cherry Avenue....
Nov. 3, 2020 -- Brown Commercial Group negotiated four transactions totaling 25,910 square feet in Chicago’s suburbs. Broker Brian Lindgren represented both the landlord, a private investor, and the tenant, Nick’s Furniture, in a 12,769-square-foot lease at 483 Heartland Drive in Sugar Grove, Illinois. The furniture warehouse business was expanding from a 7,500-square-foot space in Montgomery,...
Oct. 8, 2020 -- Chicago Industrial Market Overview Brown Commercial Group negotiated two sales and one lease in Chicago’s northwest suburbs. The transactions, totaling 31,088 square feet, were in buildings in the active O’Hare, DuPage and Northwest Suburban Cook County submarkets. “Many industrial occupiers are growing and looking to buy their own space to achieve the long-term...
Oct. 7, 2020 -- As featured in the Daily Herald ELK GROVE VILLAGE -- Brown Commercial Group negotiated the sale of buildings in Roselle and Elk Grove Village, and a lease in East Dundee. Brown Commercial Group Partner Trinity Scurto represented the seller, P.J. Fazio Plumbing & Heating Inc, in the sale of its 13,600-square-foot building at...
Sept. 8, 2020 Venture One Real Estate—through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of an 16,744-square-foot industrial building located at 1343 Lakeside Drive in Romeoville, Illinois. The precast building is 100 percent leased to one tenant. The building was constructed in 1999...
Sept. 3, 2020 Brown Commercial Group negotiated one sale and four leases totaling nearly 24,000 square feet involving expanding businesses in Chicago’s west and northwest suburbs. “We are seeing steady growth in small to mid-sized industrial businesses in the Chicago area and a shortage of space for their needs,” said Dan Brown, president of Brown Commercial...
August 11, 2020 -- Bisnow: This Week's Chicago Deal Sheet SALES A franchise of Maaco Collision and Repair bought 12 West Interstate Road, a 20K SF industrial building in northwest suburban Addison, IL so it could expand into a new market. Brown Commercial Group’s Mike Antonelli represented the building owner, a private investor, and the Maaco franchise was...
