Colliers International | Chicago has arranged the sale of two Bristol Group warehouse facilities located in Carol Stream and Elgin, Illinois. Colliers’ Kelly Joyce represented the private investor buyer while Colliers’ Jeff Devine and Steve Disse represented the seller, Bristol Group, on the $7 million transaction.
Located at 450 Tower Boulevard in Carol Stream on 2.7 acres, the 45,746-square-foot building built in 2008 features five loading docks, 22-foot clear height and heavy power. At sale, 450 Tower Boulevard was 100 percent leased to two tenants. Its Central DuPage County location makes it proximate to O’Hare Airport, North Avenue and a full interchange at I-355.
Situated on 2.3 acres, 1895 Big Timber Road, Elgin was built in 2007 and is 35,756 square feet in size. The modern, high-image facility with three loading docks and 24-foot clear height is located in Kane County, with easy access to I-90 via two full interchanges on Randall Road. At sale, 1895 the facility was also 100 percent leased to two tenants.
“The buildings were attractive to the buyer due to their unique sizes,” said Joyce, a vice president at Colliers. “Two-tenant buildings with smaller spaces around 15,000 to 24,000 square feet are desirable sizes, and it can be challenging to find similar facilities.”
Bristol Group is a real estate investment and development firm with industrial, self-storage, office, retail, multifamily and alternative use properties located throughout the U.S.