Brown Commercial completes two industrial deals totaling more than 45k SF

Brown Commercial Group has negotiated two commercial sales, totaling 45,928 square feet, in Chicago’s west suburban market. Mike Antonelli, vice president of sales, represented both buyers in each of the two transactions.

The sales include a 39,375-square-foot industrial building at 30W255 Youghal Road in Warrenville, IL, situated on a 2.93-acre site. The building was sold to The D/C Group, a warehouse and distribution company headquartered in Elk Grove Village, IL. The property will be used as an ancillary location to better serve D/C Group’s customers. Mike Magliano of Cushman and Wakefield represented the seller, a private investor.

The second transaction was also in Warrenville—a 6,553-square-foot office/flex building at 3S140 Barkley Avenue. The building will be occupied by a school for children with special needs. Neil Johnson of SVN Chicago Commercial represented the seller.

“Commercial and industrial demand continues in the I-88 corridor with limited supply,” Antonelli said. “Both of these assets had been on the market for quite some time before we secured the respective buyers. We’re seeing older inventory moving now, as options are limited.”

Article Sourced from REJournals