Brown Commercial Group negotiates sale of four properties totaling over 41,000 SFebizuniverse
Brown Commercial Group has negotiated the sales of four industrial buildings totaling 41,398 square feet in Chicago’s suburbs. Sales associate Brian Lindgren represented the buyers in all four transactions.
“We continue to see a shortage of small to mid-sized investment property in the Chicago market,” said Dan Brown, president of Brown Commercial Group. “These properties are located in key suburban growth markets and were identified as strong investments that would provide long-term value for the buyers.”
In the first transaction, Lindgren represented Premium Investment Properties, LLC, in its purchase of the 25,000-square-foot building at 2211-2239 Curtiss Street in Downers Grove, Illinois. The seller, Simborg Industrial Real Estate, LLC, was represented in-house by Bob Hennessy.
In Aurora, Illinois, Late Apex LLC purchased a 7,200-square-foot space at 2600 Beverly Drive, Unit 104-105 as a sale leaseback transaction. The Seller, HBK Venture, LLC, was represented by Cory Ramey of John Greene Commercial.
Atlanta-based Peach State Roofing purchased a 6,100-square-foot building at 1189 Lyon Road in Batavia, Illinois. The seller, a private investor, was self-represented. This is the first Illinois location for the roofing company, which has multiple locations across the U.S. The building is one of few in the area in this size range and with outdoor storage potential.
Finally, Ecoshield Pest Control purchased 3,098 square feet at 3339 N. Ridge Avenue in Arlington Heights, Illinois. The seller, Marashaw USA Inc., was represented by United Real Estate’s Gloria Lin. This is a new location for the Arizona company.
Sourced by REJournals