In a move to expand its portfolio in the Hodgkins, Illinois area, Bear Real Estate LLC purchased a 52,962-square-foot industrial building near I-55 and I-294 from Shamrock Real Estate LLC.
The building, located at 7515 Santa Fe Drive, is the third Hodgkins asset for Bear Real Estate. An affiliate of the buyer, Hodgkins-based Event Equipment Sales, will occupy 40,000 square feet for its new headquarters at the time of move-in this May, and will eventually lease the remaining space.
The building features 18-foot ceilings, four drive-in doors and two loading docks, as well as parking for more than 25 vehicles. Improvements to the facility are currently underway, including a new concrete floor and improved lighting system in the warehouse, as well as updates to nearly 8,100 square feet of office space.
Transwestern Principal, Jeff Locascio, and Associate, Scott Mueller, represented Bear Real Estate in the transaction.