Brown Commercial Group negotiates building purchase for Davey Tree in Lombardebizuniverse
Brown Commercial Group partner, Mike Antonelli, represented The Davey Tree Expert Company, a North American residential and commercial tree and landscaping company, in its purchase of a 10,000-square-foot warehouse situated on a 4.75 acre land site at 1200 N. Lombard Road in Lombard, Illinois. The seller, a locally owned and operated tree care company, was self-represented.
“This was a unique transaction that provided the buyer with a well-located suburban industrial space for expansion, plus the opportunity to purchase the existing business,” Antonelli said. “The new space also includes nearly five acres of land for outdoor storage, which is in big demand in Chicago’s suburban market.”
This is the sixth Chicago suburban acquisition, totaling 40,000 square feet and over 12 acres of outside storage, which Antonelli has negotiated for The Davey Tree Expert Company. The company is based in Kent, Ohio and is the largest employee-owned company in the state. The company has grown to include more than 100 locations in North America and 10,000 employees throughout the U.S.
This building purchase provided the company with an opportunity to acquire a local tree care company that occupied the building and take over operation of that business. “This was a win-win situation for all parties, including the village of Lombard, which was instrumental in supporting The Davey Tree Expert Company in expanding its business in this location,” Antonelli said.
Sourced by RE Journals