Brown Commercial Group completes four suburban transactionsebizuniverse
Brown Commercial Group has closed four industrial transactions totaling nearly 11,000 square feet in West Chicago, Elgin and Bensenville. Two of the transactions involved selling bank owned properties in less than 30 days.
Zahoransky USA, Inc., a full-line supplier of injection molding tools, automated solutions, final packaging machines, tufting and shearing machines for brushes and brooms, signed a lease for 3,024 square feet at 1601 Atlantic Drive in West Chicago, IL.
Brian Lindgren, Sales Assistant with Brown Commercial, represented both the tenant and the landlord, Liberty Enterprises Bartlett, LLC, in the lease transaction.
Zahoransky, a German-based firm that previously sold its products in the United States through third party partners, will use the space for a new division formed to sell its machines directly.
“The economy has improved to the point where companies, both foreign and domestic, are confident about expanding their businesses into new areas,” said Lindgren.
Lindgren and Brown Commercial Group’s Senior Associate Mike Antonelli also sold two properties on behalf of First Merit Bank. Both assets were sold in less than 30 days.
In the first transaction, Antonelli and Lindgren sold the 5,012 square foot building at 955 Grace St in Elgin, IL, a distressed property that required immediate improvements, to Precision Pavement Marking, Inc. Juana Fuentes of Exclusive Living represented the buyer in this transaction.
Antonelli and Lindgren also sold the 4,032 square foot building at 957 Grace St in Elgin to LC&F Enterprises, Inc. CTK Chicago Partners’ Nick Saraceno was the cooperating broker in this transaction. In the fourth transaction, Trinity Scurto, Senior Associate at Brown Commercial represented Mextel Communications in its expansion and acquisition of 800 Maple St in Bensenville, Illinois. Olivia Czyzynski and Al Lindeman of Sperry Van Ness, LLC represented the seller in this transaction.