Zilber Property GroupSM (“Zilber”) is pleased to announce the acquisition of 711 Fairview Drive. The fully-leased, Class A industrial facility is strategically located less than two miles from I-88 in the west Chicago suburb of Dekalb.
Recent investments in DeKalb by Facebook and Ferrara Candy Company have positioned the locale for continued future growth opportunities to its industrial base. The logistical advantages of its proximity to the I-88 corridor, in addition to modern industrial facilities, expanded infrastructure, skilled labor force and business-friendly economic environment, have anchored DeKalb as a desirable location to establish and expand operations for a variety of industrial users in the market.
“The acquisition of the Fairview building presented a great opportunity for Zilber to invest in a high-yield asset located in a growing Chicago submarket,” stated Rachel Agba, Director of Industrial Acquisitions, Zilber Property Group. “The west suburban location is a natural extension to our existing Chicagoland assets, as well as our more recent investments along the I-39 corridor.”
711 Fairview Drive is currently occupied by Solotech, a global leader in audiovisual and entertainment, and B&C Logistics, a third-party logistics firm. Constructed in 2001, the building features: 28’ clear heights; 20 equipped dock positions, expandable to 34 positions and 4 drive-in doors; 167 car parking spaces, expandable to 220 spaces, as well as onsite trailer parking opportunities.
Dominic Carbonari, Frank Griffin, Kate Coxworth and Ed Halaburt of JLL represented the seller, SparrowHawk Real Estate, in this transaction and Rachel Agba of Zilber represented Zilber.
