Brown Commercial Group represented buyers, sellers, tenants and building owners in three sales and two leases in the Chicago suburbs, totaling 34,553 square feet.
“We continue to see businesses growing and many are looking to own their own space,” said Dan Brown, president of Brown Commercial Group. “As businesses evaluate their space needs, they are looking for guidance on how to support their operations and make strategic decisions for the long term.”
In the largest sale, Brown Commercial Group senior broker, Mason Hezner, represented Toops LLC in its purchase of the 11,500-square-foot building at 521-531 Bonnie Lane in Elk Grove Village, Illinois. The e-commerce clothing and shoe business was nearly tripling its space in moving from Evanston, Illinois and was looking to own its own space. Brown Commercial Group senior broker, Jim Pietrarosso, represented the seller, Bonnie Lane Building LLC, which will lease back one unit in the two-unit building.
Hezner also represented both the buyer, DCCT Investments, LLC, and the seller, Great Investments, LLC, in the sale of the 10,000-square-foot building at 1601 Brummel Avenue in Elk Grove Village. The buyer intends to lease the building to Basic Crating & Packaging, which occupies a few other spaces in Elk Grove Village.
In the third sale, Actuation Group, an actuation service, sales and repair company acquired a 10,000-square-foot building at 16660 S. Canal Street in South Holland, Illinois. Brown Commercial Group broker, Candace Scurto, represented the buyer, 3 Kids Properties, LLC, and the seller, Mach 5, LLC. Brown Commercial Group broker, Pat Crowley, worked with Scurto to represent the seller. Actuation Group is based in Michigan and is moving its Indiana office to Illinois to utilize Cook County’s Class 8 tax reduction program. The move also benefited many workers in the group’s labor force.
Scurto represented The Law Office of Brent Newcomb in its lease of 1,750 square feet at 1500 Algonquin Road in Mount Prospect, Illinois. Hezner represented the building owner, Metro Resource Investment and Management Inc.
Finally, Crowley represented building owner Metro Resource Investment and Management Inc. in its lease of 1,303 square feet at 205 W. Grand Avenue in Bensenville, Illinois, to Boost Carrier, Inc. Keller Williams Chicago’s Nick Panousis represented the tenant.