Industrial N Illinois

Spec industrial building sale arranged by NGKF in Bartlett

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NGKF represented the buyer and seller in the sale of a 272,000-square-foot, 14-acre speculative industrial building in Bartlett, Illinois, the company announced Friday.

NGKF represented the buyer and seller in the sale of a 272,000-square-foot, 14-acre speculative industrial building in Bartlett, Illinois, the company announced Friday.

The property is located at 1331-1337 Schiferl Road in the Brewster Creek Business Park, the announcement said.

Adam Marshall, Brian Carroll and Mark Deady of NGKF represented the property owner and developer, Ridge Development in the transaction. Elis Couston, also of NGKF, represented the buyer. NGKF will exclusively lease the building and act as property manager.

In June Marshall, Carroll and Deady pre-leased half of the property, completing a 135,00-square-foot lease for Ridge Development. It was signed to a automotive brake rotor and drum distributor that relocated from Hanover Park in October.