The Missner Group has acquired a 78,000- square-foot industrial warehouse lease at 6565 W. Howard Street in Niles, Illinois.
The property, valued at approximately $3.5 million, subsequently signed a full-building lease to Avery Dennison.
The Missner Group purchased the two-story facility from The Feld Family Limited Partnership based on its location and viability in the marketplace. The property is comprised of 22,000 square feet of office over two floors and nearly 56,000 square feet of warehouse/manufacturing space.
Located at Howard Street within a few miles of I-94, the building sits on 3.6 acres and features 20′ clear heights, five exterior docks and one drive-in door.
The firm selected the building for its mix of office and warehouse space and location. Missner and Ed Adler, SVP of The Missner Group led the acquisition for the firm. Jack Rosenberg, Fredrick Regnery and Ned Frank of Colliers International represented The Missner Group in the purchase of the property as well as the lease to Avery Dennison. The Colliers team also represented the building’s seller. Avery Dennison was represented by Brendan Green, also of Colliers International, in the lease negotiations.