Industrial N Illinois

NKF orchestrates two industrial investment sales in DuPage County

NKF orchestrates two industrial investment sales in DuPage County,ph01
1005 N. Commons Drive in Aurora, Illinois.

Newmark Knight Frank (NKF) has successfully orchestrated two industrial investment sales totaling approximately 196,000 square feet in DuPage County, Illinois. Together, both sales are valued at more than $11,000,000.  

In the first transaction, senior managing directors Elise Couston, SIOR and Adam Marshall, SIOR, CCIM, with managing director Boris Shraybman of NKF’s Chicago capital markets team, arranged the successful sale-leaseback of 1005 N. Commons Drive in Aurora, Illinois, a 140,000-square-foot, Class A industrial warehouse. NKF represented the seller and tenant, Import Logistics, Inc. in the transaction. The facility sold to a local private investor for an undisclosed amount.

“The sale-leaseback of 1005 N. Commons Drive provided investors with the opportunity to acquire a mission-critical facility that is 100 percent net leased on a long-term basis,” said Couston. “The asset’s excellent location within the Meridian Business Campus in the I-88 Corridor, also made for a very attractive opportunity for buyers, and thus we received several offers.”

Marshall and Shraybman also successfully orchestrated the sale of 466 Vista Avenue in Addison, Illinois, on behalf of a private owner. Venture One Real Estate acquired the 55,750-square-foot facility on 2.19 acres for $2,350,000. The facility was purchased 100 percent leased to E & C Custom Plastic, Inc.

“We are pleased to have represented the seller in this transaction,” said Marshall. “This property offered investors the opportunity [to] acquire a 100 percent net-leased manufacturing facility situated at a desirable infill location within Addison Industrial Park.”

 

NKF orchestrates two industrial investment sales in DuPage County,ph02
466 Vista Avenue in Addison, Illinois.