Brown Commercial Group negotiates 38k SF industrial transaction in Chicago market

Brown Commercial Group has negotiated the sales of a 38,128-square-foot industrial warehouse in Chicago’s northwest suburban market. The four-unit building at 1700-1730 Todd Farm Drive in Elgin, Illinois is located in the Windsor Commerce Center.

“Investors continue to look to the Chicago market for well-located industrial buildings that support the growing logistics and e-commerce sectors,” said Dan Brown, president of Brown Commercial Group. “With a tight market and limited availability of space, we continue to see investors willing to accept lower cap rates as the trade-off for securing these types of high quality investments.”

Sales associate Brian Lindgren represented the buyer, Nottingham Realty Group, LLC, in completing a 1031 Exchange as part of the building purchase. The seller, Cristie Ann Enterprises, LLC was represented by John D’Orazio of Colliers International. The purchase price was not disclosed.

Article sourced from REJournals