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Lee & Associates announces three recent industrial transactions

Staff Writer April 2, 2017
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Lee & Associates has negotiated a lease for a 61,496-square-foot industrial space located at 215 E 171st in Harvey, Illinois.

Principal, Brian Vanosky and Vice President, Tim McCahill of Lee Illinois’ office represented the landlord, Colony Capital, Inc.  The tenant in the transaction was KW Container Chicago.

The firm also negotiated a lease for an industrial building located at 1950 Estes Ave in Elk Grove Village.

Senior Vice President, Nick Eboli at Lee Illinois represented Jarvis Corp, a manufacturer of LED light fixtures for commercial applications.  Jarvis Corp will utilize the building to support their expanding operations.  The landlord was represented by Calum Payne with CBRE.

Cabot Properties recently purchased a fully leased 45,553-square-foot industrial building located at 940-942 W. Thorndale Ave. in Itasca.  The building is situated on 2.33 acres of land.

Principals, Jeffrey Janda, SIOR, James Planey, SIOR and Michael Plumb at Lee & Associates’ Illinois office, represented the buyer, Cabot Properties, Inc.  The seller, Itasca O’Hare, was represented by Jay Kerley of Colliers International in St. Louis, MO.

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