NelsonHill has closed six industrial sale and lease transactions totaling more than 700,000 square feet of space in Chicago.
Home Products International renewed its lease on 330,000 square feet of space within the 1.25 million-square-foot Midway Business Center located at 5555 S. Archer Ave. in Chicago. Mark Nelson and Michael Nelson, principals at NelsonHill, represented the building owner, New Management Ltd., in the transaction and Sally Macoicz, senior director at Cushman and Wakefield worked on behalf of the tenant.
Also within Midway Business Center, Richwell Enterprises has leased 142,000 square feet of space. Mark Nelson and Michael Nelson represented the building ownership, and Matt Rogatz, president of Chicago Industrial Real Estate represented the tenant.
Loomis St. LLC has purchased a 96,000-square-foot building located at 1400 W. 37th St. in Chicago. Mark Nelson and Michael Nelson represented the seller, Dreamers LLC, in the transaction. The buyer was not represented.
MGI Leasing has purchased an 82,000-square-foot building situated on 13 acres at 11821 S. Cottage Grove Ave. in Chicago. MGI chose the property primarily because of its active exterior rail spur capable of accommodating 50 rail cars on the South Shore/South Bend line. Mark Nelson and Michael Nelson represented the seller, Bulkoa Inc. The buyer was not represented.
Alliance Products recently purchased a 50,000-square-foot building at 4931-5021 W. Armitage in Chicago. Mark Nelson and Michael Nelson represented the seller, Scherston LLC, in the transaction. The buyer was not represented.
Mufid Saleh, a private investor, has purchased a 48,000-square-foot flex/warehouse facility located at 431 N. Wolcott in Chicago along the Kinzie Corridor. The buyer has plans to develop the property as a multi tenant office/warehouse facility. Mark Nelson and Michael Nelson represented Scherston LLC in the transaction. The buyer was not represented.
