Darwin Realty has completed a sale and two lease transactions in Elgin, Illinois. The industrial real estate deals totaled over 218,000 square feet.
Noel S. Liston, principal, was the sole broker in the off-market sale of 501 Davis Road. The 90,000-square-foot building was owned and occupied by Chicago Logistic Service, a privately held, transportation and logistics firm. The building features seven loading docks, three drive-in doors, 24-foot ceilings, 5,000 square feet of office space and provided I-90 tollway visibility. The building was purchased by Navis Industries, also an Elgin-based company, who provides plastic packaging films. Navis Industries is relocating to the Davis Road building from a 25,000 square foot building they own in Elgin. Consideration for the sale was in excess of $5,000,000.
Liston and Brendan J. Sheahan, vice president, represented ownership, High Street Realty Company, in the full-building lease of 1765 Holmes Road. A growing manufacturing company signed a long-term lease for the 85,705-square-foot, high-image facility. In another transaction, Liston represented the tenant, Chicago Logistic Service, in the lease of 42,521 square feet of warehouse space within 1331-1333 Davis Road; Sheahan represented ownership, Zilber Property Group, in the deal that brought the 125,990-square-foot building in Miller-Davis Industrial Park to 100 percent occupancy.
