Lee & Associates closed a purchase transaction for a 131,811-square-foot industrial building on 27.8 acres at 2964 Newburg Road in Belvidere, Illinois.
This transaction marks the largest user sale in the Rockford submarket in the third quarter.
Jeff Galante, SIOR, principal at Lee & Associates’ Illinois office, represented the buyer, NexGen Manufacturing.
Al Caruana of Cushman & Wakefield represented the seller, 2964 Newburg Road, LLC.
