Multifamily Midwest

Lee & Associates of Illinois announce five completed transactions

Lee & Associates announced the completion of the following five transactions:

Lee & Associates announced the completion of the following five transactions:

Lee & Associates completes 53,550 SF lease renewal in Elk Grove Village

Lee & Associates has completed a lease renewal for a 53,550-square-foot industrial building located at 2375 Touhy Ave., Elk Grove Village, Ill.    Chris Nelson, principal of Lee & Associates of Illinois represented the tenant, The Greenlee Diamond Tool Company/DoALL Company, a manufacturer of diamond and super abrasives products.

Lee & Associates completes lease expansion on behalf of KTR Capital

Lee & Associates has completed a lease expansion on a 46,099-square-foot industrial space located at 2125 Lively Ave. in Elk Grove Village, Ill. Principals, Chris Nelson and Jeff Janda, SIOR of Lee & Associates Illinois represented the landlord, KTR Capital.  The tenant, Ropak Central, Inc., was represented by Sally Macoicz of Cushman and Wakefield.

Lee & Associates completes 8,839 flex industrial lease on behalf of Fastmore Logistics

Lee & Associates has completed a lease for a 8,839-square-foot industrial flex space located at 931 Busse Road in Elk Grove Village, Ill.  Terry O’Hara, senior vice president of Lee & Associates of Illinois represented the tenant, Fastmore Logistics, a provider of expedited logistics solutions to international and domestic freight forwarders.  The landlord, DK Commercial, was represented by Colliers International.

Lee & Associates of IL negotiate sale of 41,208 SF industrial building in Schiller Park

Lee & Associates has closed a $1.5 million sales transaction for a 41,208-square-foot industrial building located at 3801 N. 25th Ave. in Schiller Park, Ill.  Chris Nelson, principal, of Lee & Associates’ Illinois office, represented the seller, Humboldt Manufacturing Co.  Dan Benassi of Entre Commercial Realty represented the buyer, Faulk Properties, Ltd., A&C Plastics., a plastic sheeting manufacturing company.

Lee & Associates of Illinois represent  Seasonal Design Inc. in the purchase of a 21,625 SF industrial building

Lee & Associates has closed a sales transaction for a 21,625-square-foot industrial building located at 1570 Lakeside Dr. in Waukegan, Ill.  John Sharpe, principal of Lee & Associates’ Illinois office, represented the buyer, Seasonal Design Inc.  Ryan Bain of CBRE represented the seller, Met-Pro Corporation.