Brown Commercial Group brokers land sale, BTS for trucking companyBrown Commercial Group
JULY 30, 2020
Brown Commercial Group Partner Mike Antonelli represented Dynamic MD, LLC in its purchase of a 3.2-acre site in Chicago’s suburban market. The buyer, a rapidly growing truck and freight company, recently broke ground on their 11,600-square-foot headquarters with warehouse and parking facilities.
Brown Commercial Group president Dan Brown represented the landowner, a private investor. “The Chicago suburban industrial market continues to experience low vacancy and a shortage of infill locations with a strong parking capacity,” said Antonelli. “This site allows the growing business to build a customized facility while improving efficiencies and planning for future growth.”
The site is located at 250 N. Schmale Road in Carol Stream, Illinois, within the DuPage County industrial submarket. The parcel was one of just a few remaining vacant industrial-zoned land development parcels in the area. The village of Carol Stream was instrumental in zoning approval and facilitating the business in securing the site.
“An infill location with the potential for new construction and on-site trailer parking is an anomaly in the Chicago market,” Antonelli said. “This development will be a one-of-a-kind property once completed.”
Antonelli also advised Dynamic MD, LLC in selecting a general construction firm and securing debt financing.
“We are excited to move forward with this new development and to continue supporting the growing demand for trucking and freight services in the Chicago market,” said Vasile Sorocean, the founder and CEO of Dynamic MD LLC. “Despite the shortage of land for transportation uses, Brown Commercial Group found an ideal site for our growing business and helped us navigate this complex development process.”
The building will include 3,000 square feet of office space and a five-bay, 8,600-square-foot truck maintenance area. It will have 45 on-site trailer stalls and 27 vehicular parking spaces.
Source: IL Real Estate Journals