Industrial N Illinois

Lee & Associates finalizes 225,000 SF O'Hare-area sale

Lee & Associates finalizes 225,000 SF O'Hare-area sale,ph1

Lee & Associates has negotiated the sale of a 225,006-square-foot industrial building located at 1501 Nicholas Boulevard in Elk Grove Village, IL. Chris Nelson, Ken Franzese and John Cassidy, principals of Lee & Associates’ Illinois office, represented the seller, Prologis, a San Fransisco-based logistics real estate firm.

Chris Volkert and Brendan Green of Colliers International represented the buyer, GHP Group, Inc., a leading manufacturing company which specializes in electric fireplaces & accessories, electric log sets, portable heating products and barbecue grill products.