Middle Market Digest-The Midwestebizuniverse
Middle Market Digest-The Midwest
MARCH 9, 2018 | BY BRIAN J. ROGAL
The latest deals, personnel moves and trends in the Midwest region
ELK GROVE VILLAGE, IL—Brown Commercial Group, based in Elk Grove Village, IL, has negotiated the sale of three Chicago suburban industrial investment buildings, totaling 136,915 square feet. Dan Brown, president of Brown Commercial Group, was the sole broker on all transactions.
Two of the buildings are located in Elk Grove Village, while the third is in Gilberts, IL. Each of the buildings is a fully leased multi-tenant space. The sales price for all three buildings was $7 million. The buyer on all properties was Gilberts and Groves LLC. “In today’s tightening industrial market, there is a shortage of midsized suburban buildings for sale,” says Brown. “We were able to identify three buildings that fit the investor’s goals for income generation and long-term growth potential.” The buildings are: 1340-1400 Higgins Rd. in Elk Grove Village, IL; 1425-1455 Tonne Rd. in Elk Grove Village; 300-338 Arrowhead Dr. in Gilberts.