Lakeside Screw Products sells buildingsBrown Commercial Group
3/11/2021 3:08 PM
Lakeside Screw Products Inc. has sold its two industrial buildings at 1395 and 1401 Jeffrey Dr. in Addison, according to Brown Commercial Group, which represented the buyer. Photo courtesy of Brown Commercial Group
ADDISON — Lakeside Screw Products Inc. has sold its two industrial buildings at 1395 and 1401 Jeffrey Dr. in Addison, according to Brown Commercial Group, which represented the buyer.
The buildings are in the Addison Industrial Park. An unnamed private investor purchased the two buildings, which total 37,725 square feet.
“This was an ideal investment opportunity for the buyer, who is aggressively expanding their portfolio in core suburban industrial markets,” said Mike Antonelli, a partner with Brown Commercial Group. “This transaction allows the buyer to renovate the buildings to today’s standards and enhance its value to future tenants.”
Jennifer Sosko of RE/MAX represented the seller. Lakeside sold the buildings with plans to expand its business, Brown Commercial Group said.
Brown Commercial Group is a boutique, full-service commercial real estate firm specializing in the marketing, disposition and acquisition of industrial, office and investment grade real estate in the Chicago metropolitan area. Our experienced professionals have built numerous relationships while gaining a thorough understanding of the intricacies needed to negotiate and secure the most timely and favorable results for all of our clients. We are big enough to get the job done but small enough to care about each individual client. When you hire Brown Commercial Group our entire staff becomes your team all the way up to the firm’s President.