Industrial N Illinois

Marcus & Millichap retains listings for pair of industrial properties in Northern Illinois

federal-signal
Federal-Signal

Marcus & Millichap recently retained the exclusive listings for two single-tenant industrial properties in northern Illinois.

Marcus & Millichap recently retained the exclusive listings for two single-tenant industrial properties in northern Illinois.

The investment real estate assets are a 429,164-square-foot manufacturing facility triple-net leased by Federal Signal Corp. in University Park, Ill., and a 217,011-square-foot manufacturing facility triple-net leased by the Elgin Sweeper Co. in Elgin, Ill.

The listing price for the Federal Signal Corp. facility is more than $28 million, while the Elgin Sweeper Co. building is on the market at more than $19 million.

Robert Horvath and Todd Tremblay, both in Marcus & Millichap’s Boston office, are representing the seller, a private investment and development group. John Przybyla, first vice president and regional manager/managing broker in the firm’s Chicago Downtown office, is the firm’s broker of record in Illinois.