Lee & Associates has closed a $19.5 million sale transaction for a 185,850-square-foot industrial spec building located at 7879 Lemont Road in Darien, Illinois.
Brian Vanosky, Tim McCahill and Jeff Janda, principals of Lee & Associates’ Illinois office, represented the seller, Panattoni Development Company. Mike Plumb, principal of Lee & Associates’ Illinois office, represented the private investor buyer.
“It was great for our firm to have had the opportunity to be involved with this development project, on both sides of the transaction,” Plumb said, “full circle from the initial land assemblage, entitlement, development to marketing, leasing and eventually the sale.”
The building is partially occupied by Tile & Top, an international tile distributor and e-commerce retailer. The remaining 116,043-square-foot space will be marketed for lease by Lee & Associates of Illinois.