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IllinoisIndustrial

Lee & Associates of Illinois negotiates $2.7 million sale of 21,627-square-foot truck maintenance facility in South Elgin

July 14, 2023
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Lee & Associates, one of the largest national commercial real estate providers, negotiated the $2.7 million sale of 21,627-square-foot truck maintenance facility located at 1790 Gilpen Ave., South Elgin. The transaction closed on June 21, 2023.

Lee & Associates represented both the buyer and the seller. Principals Kenneth Franzese and John Cassidy represented the seller, Rock Investment Group, LLC. Senior Associate John M. Joyce represented the buyer, Nomad Investment Group, LLC. The building, featuring 20 drive-in doors and 1,904 square feet of office space, is an active terminal being used by the buyer.

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