Daily Herald: Industrial Overview March 2022

March 6, 2022 -- Chatter about the current state of the suburban industrial real estate market quickly trends toward superlatives. "The hottest I've seen," said Dan Brown, president of Brown Commercial Group in Elk Grove Village. "Over the last 18-24 months I've just never seen anything like it. It's accelerating at an extremely aggressive pace," added Alfredo Gutierrez,...

Brown Commercial Group Reps Investor in 26K Industrial Purchase

March 2, 2022 — Brown Commercial Group has negotiated the sale of a 26,209-square-foot industrial building in Hillside, a western suburb of Chicago. The fully leased property is located at 500 N. Mannheim Road and was built in 1970. Pat Crowley of Brown represented the private buyer, while Jack Brown of Marcus & Millichap represented...

Brown Commercial Group negotiates 26,209-SF industrial acquisition in Chicago

Feb. 14, 2022 -- Brown Commercial Group negotiated a 26,209-square foot industrial building acquisition in Chicago’s West Cook North submarket. Broker Pat Crowley represented a private investor in expanding its portfolio with the purchase of a seven-unit building at 500 N. Mannheim Road in Hillside, Illinois. The property is fully leased and located on 1.73 acres...

Brown Completed 5 Chicago Industrial Market Transactions

Feb. 9, 2022 -- Brown Commercial Group Senior Broker Mason Hezner represented Impact Printers & Lithographers, Inc. in leasing a 15,700-square-foot industrial space at 775 Touhy Ave. in Elk Grove Village. The landlord, Mask Enterprises LLC, represented itself. This transaction was one of five Chicago industrial market transactions the company recently completed, totaling 35,300 square...

Brown Commercial Group negotiates two Chicago industrial transactions

Jan. 12, 2022 -- Brown Commercial Group President Dan Brown negotiated two Chicago industrial transactions totaling 54,128 square feet in Chicago’s Kane County submarket. Brown represented a private investor in selling a 38,128-square-foot building at 1700-1730 Todd Farm Drive in Elgin, IL for $3.25 million. The four unit building is fully leased and had been recently...

Brown Commercial Group negotiates 49,050 SF of industrial transactions

Dec. 9, 2021 -- Brown Commercial Group negotiated five industrial transactions totaling 49,050 square feet in Chicago’s suburbs market. Broker Maria McNeil negotiated all five transactions, including representing Robart Manufacturing in buying an 18,500-square-foot building at 155-179 Oswalt Ave. in Batavia. The company was leasing space in St. Charles, IL and looked for a Batavia location...

Brown Commercial Group announces multiple industrial deals

DECEMBER 1, 2021 Brown Commercial Group negotiated five transactions totaling 34,476 square feet, including a 5.13-acre property sale in McHenry County that included a four-unit industrial building and outdoor space for transportation parking. Broker Candace Scurto represented a private trucking company in buying the 5.13-acre property at 5219 N. Richmond Road, Ringwood, IL, which has three residential...

Brown Commercial Group Negotiates 74K SF Industrial Sale

Nov. 30, 2021       Chicago Deal Sheet SALES Premium Investment Properties sold a 74K SF industrial building at 5200-5220 Thatcher Road in suburban Downers Grove to Beco Management. Beco is expanding its industrial portfolio in Illinois with the purchase and plans to secure new tenants for the partially leased building. Mike Antonelli and Trinity Scurto, both with Brown Commercial...

Brown Commercial Group brokers 81K SF industrial lease

OCTOBER 29, 2021 RE Journals News -- Brown Commercial Group negotiated a 81,079-square-foot industrial lease at 2 Territorial Dr. in Bolingbrook, IL in Chicago’s South I-55 Corridor. Partner Trinity Scurto represented Lithotype, a commercial printing company, in more than doubling its space with the move. “The tenant is experiencing significant growth and was initially focused on finding...

Brown Commercial Group negotiates 30,039-SF of industrial transactions

October 26, 2021 -- Brown Commercial Group negotiated five industrial transactions totaling 30,039 square feet in Chicago’s west and northwest industrial submarkets. Brown Commercial Group Broker Matt Hanson represented Pope’s Moving in more than doubling its space with a 12,367-square-foot lease at 915 Central Ave. in Wood Dale, IL. The business was expanding from an Elk...