Brown Commercial Group negotiated three industrial investment transactions in the Chicago suburban market, representing the sellers in each transaction.
Broker Maria McNeil represented a private investor in selling an 11,500-square-foot building at 201 Poplar Place in North Aurora, lllinois. The seller was closing its business and selling the property.
McNeil also represented a private investor in selling a 10,000-square-foot industrial building at 510 Stevenson Dr. in South Elgin, Illinois. “The property has some yard space, which is in short supply in the Chicago market and is a coveted feature for many businesses that need to store vehicles,” said McNeil. “This property attracted several competitive offers and we were able to close the transaction quickly.”
The buyer, a private investor, was expanding from a 3,000-square-foot industrial condo in Batavia and was represented by Brown Commercial Group Partner Mike Antonelli.
McNeil also represented the seller of a 5,464-square-foot industrial condo at 3722 Illinois Ave. in St. Charles, Illinois. The buyers were private investors. “Given the limited inventory of small to mid-sized industrial space in Chicago, buyers and tenants are encouraged to start looking for space at least a year ahead of their timeline for moving,” said McNeil. “They also have to be prepared to act quickly once a property becomes available.”
