Lee & Associates has closed two industrial transactions in the O’Hare market. Nearly 40,000 square feet combined, the two deals involved properties in Schiller Park and Elk Grove Village, Illinois.
Sean Austin, vice president of Lee & Associates’ Illinois office, represented the tenant, MidAmerican Printing Systems, Inc, in the long-term lease of 30,554 square feet at 3838 N. River Road in Schiller Park. Matthew Stauber and Thomas Rodeno with Colliers International represented the owner, Brennan Investment Group.
“MidAmerican is yet another example of a 30-year-plus, highly reputable Fulton Market business that was attracted to a more centrally located facility in the O’Hare market that offered a prime location, top-tier institutional ownership, power needs and more favorable economics compared to the city of Chicago industrial base,” Austin said.
Chris Nelson, principal of Lee & Associates’ Illinois office, represented the buyer, 1100 Busse LLC, on the purchase of a 9,000-square-foot industrial building at 1100 Busse Road in Elk Grove Village. Rick Daly of Darwin Realty represented the seller, Dandrew Enterprise, LLC.