Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
IllinoisIndustrial

Brown Commercial Group negotiates industrial portfolio sale in O’Hare submarket

July 6, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Brown Commercial Group negotiated a three-building industrial portfolio sale totaling 40,000 square feet in Chicago’s O’Hare submarket.

Brown Commercial Group Senior Broker Mason Hezner represented a private investor in selling buildings at 825-835 Touhy Ave., 855 Touhy Ave., and 875 Touhy Ave. in Elk Grove Village, IL to Sawmill Property Company. All three buildings have been leased on a long-term basis by Centech Plastics, Inc., a plastic injection molding company. 

The sales price was $2.29 million.

The buyer was represented by John Joyce and Danny Vanecko of SVN Chicago Industrial.

“Investors continue to search for well located industrial buildings that can provide a strong, long-term return,” Hezner said. “These assets were ideally located in the sought-after O’Hare submarket, which continues to see strong demand from investors and tenants.” 

The O’Hare industrial submarket had 4 million square feet of net absorption over the past year, according to CoStar research through June of 2021. The submarket also had a 5.2% increase in rent growth in the past year. And, robust demand has fueled an increase in new supply, with approximately 1.9 million square feet of space delivered during the same time frame. 

The buildings in this portfolio were owned under the following entities: Raba Management LLC (825-835 Touhy Ave., a 15,000-sf building), Duna Management LLC (855 Touhy Ave., a 12,500-sf building), and Roka Management LLC (875 Touhy Ave., a 12,500-sf building).

Tags
Brown Commercial Group
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasCRE

Will Haynes, II, joins CBRE as an executive vice president in Dallas

June 7, 2023
TexasRetail

Si Tapas to open Crockett Row location

June 7, 2023
IllinoisCRE

Fehr Graham jumps 22 spots on Zweig Group’s Hot Firm List

June 7, 2023
IllinoisMultifamily

Kiser Group’s Birk | Sklar team achieves remarkable May closings

June 7, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com