Opus Development Corp. has announced the sale of Building II of the Cicero Business Center in Cicero to Cabot Properties Inc. for an undisclosed sum. The sale closing occurred on June 6.
Building II is a 291,814-square-foot industrial building in the Cicero Business Center, 100 percent leased by Cloverhill Pastry-Vend LLC.
“We’re very pleased to have matched a strong tenant in Cloverhill with Cabot Properties as an institutional owner,” said Mike Yungerman, vice president, real estate development at Opus Development Corp. “There are limited opportunities to invest in new, in-fill product in the market at this time, and we are thrilled that the sale of Building II gave Opus the chance to work with Cabot once again.
Steve Disse and Jeff Devine of Colliers International represented Opus in the transaction.
