Midwest Industrial Funds recently purchased a 59,000-square-foot manufacturing building located on 4-plus acres of land located at 700 Chase, Elk Grove Village from a private investor. The property is fully leased to Acme Industries which has been in business since 1948 and employs a few hundred people in the O’Hare area.
Sergio Chapa and Michael Prost, formerly with Lee & Associates, helped source the deal for Midwest Industrial and Rick Delisle of RD Strategic represented the seller.
It is the third acquisition in Midwest Industrial’s recently formed discretionary fund they co-invest in and manage.
