Comments Off on Darwin REALTY ANNOUNCES THREE ELGIN TRANSACTIONS TOTALING 218,000 SF
(Elmhurst, Illinois –October 16, 2019) – Darwin Realty is pleased to announce the firm has completed a sale and two lease transactions in Elgin, IL totaling over 218,000 square feet.
Darwin Realty completed the sale of 90,000 square feet at 501 Davis Road in Elgin, Illinois. Noel S Liston, Principal was the sole broker in this off-market transaction. The 90,000 square foot building was owned and occupied by Chicago Logistic Service, a privately held Elgin-based transportation and logistics firm. The 501 Davis Road building features seven loading docks, three drive-in doors, 24’ ceilings, 5,000 square feet of office space and provided I-90 tollway visibility. The building was purchased by Navis Industries, also an Elgin-based company, who provides plastic packaging films. Navis Industries is relocating to the Davis Road building from a 25,000 square foot building they own in Elgin. Consideration for the sale was in excess of $5,000,000. (more…)
Comments Off on Darwin REALTY BROKERS TWO SALES AND TWO LEASES TOTALING 69,687 SQUARE FEET IN THE CHICAGOLAND AREA
(Elmhurst, Illinois – June 12, 2019) – Darwin Realty is pleased to announce the firm’s Principal Noel S. Liston and Associate Nick Krejci represented four end users in their purchase or lease of new space in suburban Chicago. The two sales and two leases totaled 69,687 square feet, all in high-quality buildings with good access to major highways.
“The new buyers and tenants were pleased to find this rare space in today’s market,” Liston says. “Many businesses are currently expanding, leaving less quality space available for users who are looking to move.”
Liston and Krejci represented a private investor in their purchase of 820 McArdle Drive in Crystal Lake, IL. The high-image precast multitenant 15,840 square foot building was fully leased at the time of the sale. The facility attracts long-term tenants and is expected to remain fully leased with good cash flow for the foreseeable future. The seller, Dakota-Crystal Lake, LLC, was represented by Premier Commercial Realty’s Tina Kropke and Heather Schweitzer.
In another sale transaction, Liston and Krejci represented DRB Enterprises in the sale of their 9,500 square foot building at 1160 Abbott Drive in Elgin, IL to tool grinding machine manufacturer J. Schneeberger Corp. The free-standing building with access to I-90 via Route 31 and Randall Road offers the buyer a space to demonstrate their machinery to their customers.
IMPEX GLS, a freight forwarding and supply chain management company, has leased 32,477 square feet within a 124,028 square foot building located at 2475 Touhy Avenue in Elk Grove Village, IL. The tenant selected the building because of its heavier office footprint and loading capabilities. The new, high-image industrial building is located close to O’Hare International Airport with access to multiple expressways. Liston and Krejci worked on behalf of IMPEX GLS and Colliers International’s Tom Rodeno represented the landlord, PPF Industrial 2475 Touhy Avenue, LLC.
In the final lease, sound system and equipment provider Gary Gand Music, Inc. was represented by Liston and Krejci in its renewal of 11,870 square feet of space within the 54,130 square foot building at 1107 Mark Street in Elk Grove Village, IL. The site has great access to highways, allowing the business to access concert venues and other job sites it needs to reach throughout the Midwest. The REIT building owner was represented in-house.