Darwin REALTY ANNOUNCES SALE OF TWO INDUSTRIAL PROPERTIES IN DUPAGE COUNTYComments Off on Darwin REALTY ANNOUNCES SALE OF TWO INDUSTRIAL PROPERTIES IN DUPAGE COUNTY
(Elmhurst, Illinois – June 14, 2018) – Darwin Realty is pleased to announce a sale and leaseback transaction at 502 Vista Avenue in Addison, Illinois. Darwin’s principal, Noel S. Liston, and associate, Nick Krejci, were the sole brokers in the transaction. AIM, Incorporated (seller) will lease the facility back for the next several years. The building is 37,560 square feet and features 4,300 square feet of nicely appointed office and heavy power. The property was purchased by Westwind Industrial, a general contractor specializing in medical, industrial and commercial property reutilization, for $2,000,000.
In Glendale Heights, Liston and Krejci represented the seller, Comtelco Industries, in the sale of their 13,500 square foot facility at 501 Mitchell Road. The purchaser, IVM Chemicals, Inc., was represented by G. Pat Ryan with Combined Commercial Realty. IVM Chemicals, Inc. is a European-based distributor of industrial chemicals and pesticides and will occupy the building upon renovation which is being completed by Peak Construction. The building was purchased for just under $1,000,000.