Zilber Property GroupSM (Zilber) has completed the purchase of two lots totaling 16.78 acres at 2640 and 2650 Auto Mall Drive, in Elgin, Illinois.
Adam Marshall, senior managing director at Newmark Grubb Knight Frank who represented Zilber in the acquisition of the land, said the location is the closest development ready site to the intersection of I-90 and Randall Road, offering the benefit of tremendous visibility and easy access to the interchange.
“The site benefits from the areas excellent labor force skilled in advanced manufacturing, logistics and medical related industries along with close proximity to restaurants, hotels, childcare, entertainment and healthcare facilities; all of which were driving factors in Zilber’s location selection,” he said.
Marshall represented the buyer, Zilber Property Group in the transaction, and CBRE represented the seller.
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