Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL AND SVN CHICAGO REPRESENTS BUILDING OWNER IN NORTHWEST SIDE INDUSTRIAL LEASE
DarwinPW Realty/CORFAC International is pleased to announce that Vice President Terry Lynch, in conjunction with SVN Chicago Industrial Representative Sean Sloan, represented building owner Knox Avenue Realty LLC in its lease of 45,621 square feet at 4350 Knox Avenue to Phoenix Fabricators LLC dba Boomerang Exhibits. The exhibit and display manufacturer are moving operations from their previous location on the southwest side of Chicago. (more…)
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL REPRESENTS HVAC MANUFACTURER IN BUILDING ACQUISITION
DarwinPW Realty/CORFAC International is pleased to announce that Associate Marc Hale represented an undisclosed HVAC manufacturing company in its acquisition of a 50,000 square foot building at 2500 Production Drive in St. Charles, IL. The business is expanding and will be moving from a location in Elk Grove Village.
“This property allowed the purchaser to expand into a larger facility and own their own property,” says Hale. “With the larger facility, the purchaser is now able to grow their business beyond what was possible at their previous location.”
The Class B facility features 21-foot clear height, seven docks, one drive-in door, heavy power and 1,500 square feet of office space with 55 parking spaces. The new facility will accommodate the HVAC company’s growing business and workforce for years to come.
The seller, Hill & Smith, was represented by SVN Landmark’s Brian Lindgren.
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL VICE PRESIDENT MANDY LEWANDOWSKI REPRESENTS WELBIC IN SEVERAL LEASES
DarwinPW Realty/CORFAC International newly promoted Vice President Mandy Lewandowski represented Welbic Investments, LLC, of which Speedwagon Capital Partners is a partner, in several recent lease transactions throughout the Chicagoland area. Nine transactions totaled 118,609 square feet in the Chicago area. (more…)
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL VICE PRESIDENT DAN PRENDERGAST REPRESENTS LADI INVESTMENTS IN TEN LEASES
DarwinPW Realty/CORFAC International Vice President Dan Prendergast represented Ladi Investments, LLC, in 10 recent lease transactions totaling 33,181 SF in Kenosha, Wisconsin. Ladi Investments, LLC purchased the eight-building, 277,982 SF light industrial complex last fall and Prendergast has negotiated lease extensions and new leases with 10 companies since taking over the leasing in 2022. (more…)
Comments Off on DARWINPW REALTY COMPLETES SALE OF FORMER DEAN FOODS LOCATION
DarwinPW Realty’s Principal Jerry Sullivan and Axiom Advisors represented the seller, NDSM Franklin Park, LLC, in the disposition of a 102,950 square foot building on a 10.16-acre site at 3600 River Road in Franklin Park, IL. DarwinPW Realty’s Senior Vice President Jeffrey Provenza and JLL’s Brian Carroll represented a private investor as the buyer in purchasing of the property. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS BUYER IN SOUTHWEST SUBURBAN INDUSTRIAL TRANSACTION
(Elmhurst, Illinois – January 10, 2021) – Darwin Realty/CORFAC International Associate Matthew Lee, Vice President Nick Krejci and Principal Noel Liston represented HSRE Fund VI Holding Company LLC in its acquisition of the 36,480 square foot building at 9950-9970 W. 190TH Street in Mokena, IL. The seller 9950 Properties, LLC was self-represented. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL’S MATTHEW LEE REPRESENTS BUYER, TENANT IN SUBURBAN CHICAGO TRANSACTIONS
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Associate Matthew Lee worked to represent a trucking company in its purchase of a new facility and a school district in its lease of new storage space in Chicago’s suburbs. Both transactions were for essential end users that needed more space to carry out their trade. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS INVESTOR IN ACQUISITION OF SUBURBAN WAREHOUSE
(Elmhurst, Illinois – October 13, 2021) – Darwin Realty/CORFAC International Vice President Brendan Sheahan and Associate Frank Damato recently represented private investor in the acquisition of the 13,418 square foot industrial property at 860 Equity Drive in St. Charles, IL. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI REPRESENTS BETTER TRUCKS LAST MILE, LLC IN TWO SOUTHEASTERN LEASES
Darwin Realty/CORFAC International Associate Mandy Lewandowski represented third party logistics provider Betters Trucks Last Mile, LLC in its lease of a 30,826 square foot space in Norcross, GA, and a 40,000 square foot lease in Arlington, TX. The growing trucking company is based in Chicago and expanding across the country. For both transactions, she worked in conjunction with CORFAC International network brokers in out-of-state offices. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS AIR CARGO HANDLING SERVICE IN NEW O’HARE AREA LEASE
Darwin Realty/CORFAC International Senior Vice President Jeffrey J. Provenza and Associate Todd Hendricks represented Alliance Ground International, LLC, in its new lease of 253,000 square feet at 1717 Busse Road in Elk Grove Village, IL. The tenant is an airline cargo handling service that is expanding its footprint in the Chicago area. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL TEAM REPRESENTS GLOBAL SHIPPING AND LOGISTICS PROVIDER IN NEW LEASE
Darwin Realty/CORFAC International Associate Nick Krejci and Principal Noel S. Liston represented BTX Global Logistics in its lease of a new space at 1110 Thorndale Avenue in Bensenville. BTX, a leader in the global shipping industry, intends to occupy the space in July. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI REPRESENTS MASTER CUT EDM, INC IN LEASE RENEWAL
Darwin Realty/CORFAC International Associate Mandy Lewandowski represented Master Cut EDM, Inc., in its long-term renewal of a 5,000 square foot lease at 1025 Lunt Avenue Units B and C in Schaumburg, IL. The tenant, which services electrical discharge machining equipment, is leasing two of the buildings five 2,500 square foot units, bringing the building to 100% occupancy. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES LEASE FOR 3PL IN ITASCA BUILDING
Darwin Realty/CORFAC International Associate Nick Krejci represented American Bear Logistics in its 57,143 square foot lease at 1475 Thorndale Avenue in Itasca, IL. The ocean freight transportation company was seeking a larger warehouse near O’Hare Airport to support the growing demand from their customers. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES LEASE RENEWAL AND EXPANSION AT ALSIP BUILDING
(Elmhurst, Illinois – May 14, 2021) – Darwin Realty/CORFAC International Associates Todd Hendricks and Sam Lepore represented Welbic IV Alsip 12500, LLC, the building owner, in its negotiation of a lease renewal and expansion at 12500 S. Lombard in Alsip. Welbic IV Alsip 12500, LLC is one of a number of real estate ventures in which Speedwagon Properties is a Partner. (more…)
Comments Off on Darwin Realty’s Noel S. Liston & Nick Krejci Win CoStar’s Q1 2021 Power Broker Quarterly Deals Award
(Elmhurst, Illinois) – CoStar Group, Inc., the leading provider of commercial real estate information, analytics, and online marketplaces, today announced the CoStar Power Broker Quarterly Deals winners for the first quarter of 2021.
Darwin Realty/CORFAC International is pleased to announce that Noel S. Liston, Principal and Nick Krejci, Associate came out on top in the list of winners in the Chicago industrial market. The CoStar Power Brokers Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS RESTRICTED ARTICLE SPECIALISTS IN NEW LONG-TERM LEASE
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Senior Vice President Jeffrey Provenza and Associate Sam Lepore represented Restricted Article Specialists, Inc., in its long-term lease of 17,826 square feet at 501 Eastern Avenue in Bensenville. The new tenant specializes in the packaging and transportation of materials and is relocating to a larger facility. (more…)
Comments Off on DALFEN INDUSTRIAL EXPANDS MIDWEST PRESENCE WITH LAST MILE CHICAGO-AREA PROPERTY
(Dallas, TX) – Dalfen Industrial announced the purchase of a 174,300 square foot industrial facility at 1103 Butterfield Road in Aurora, IL. The facility was built in 2004 and has features sought after by the modern e-commerce and distribution tenants, including immediate access to the I-88 Expressway. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES SALE AND LEASE TRANSACTIONS IN NORTHWEST SUBURBS
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Associate Matthew Lee has negotiated a new sale in Schaumburg and a new lease in Bensenville. Both were for businesses who were growing into new suburban locations, one from overseas and the other from another suburban location. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS GARAGE DOOR SUPPLIER IN SUBLEASE
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Senior Vice President Jeffrey Provenza and Associate Rollo Dace recently worked together to represent Garage Door Supplies in its sublease of 30,000 square feet at 6558 W. 73rd Street in Bedford Park. The manufacturer and distributor of garage doors and related parts was looking for a building with good access to highways in the Chicago area (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI COMPLETES 44 TRANSACTIONS IN 2020
(Elmhurst, Illinois) – Chicago’s industrial real estate market has remained strong throughout the COVID-19 pandemic, says Darwin Realty/CORFAC International Associate Mandy Lewandowski, who completed 44 transactions totaling more than 400,000 square feet in 2020. Many of the transactions were leases that brought buildings to 100% occupancy, and many were renewals with rent increases of 3% or more bringing additional revenue to building owners. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS TENANT IN 353,000 SF LONG-TERM LEASE
(Elmhurst, Illinois) – Darwin Realty/CORFAC International is pleased to announce that the firm has negotiated a long-term lease for the 352,338 square foot warehouse facility located at 150 E. Crossroads Parkway in Bolingbrook, Illinois to Chicago-based apparel retailer AKIRA. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL LEASES TWO SPACES IN PALATINE TO AUTO RESTORATION SHOP
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Principal Noel S. Liston and Associate Mandy Lewandowski represented Welbic III Palatine 641 LLC in two leases to Roadster Salon, an automobile restoration firm in the northwest suburbs. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL COMPLETES THREE INDUSTRIAL TRANSACTIONS IN WESTERN SUBURBS
(Elmhurst, Illinois) – Darwin Realty/CORFAC International President Rick Daly negotiated a sale and two leases in the western suburbs during the month of February. The transactions in Elk Grove Village and Carol Stream were to businesses growing or adding space in a competitive industrial market. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS LANDLORD IN NEW LOGISTICS LEASE
(Elmhurst, Illinois – July 10, 2020) – Darwin Realty/CORFAC International Managing Broker George Cibula and Associate Todd Hendricks represented building owner Welbic III Racine 6200 LLC in a 115,823 square foot lease to Budd Van Lines. The building at 6200 Regency Drive in Racine, WI, is owned by the investment company co-owned by Cibula and Darwin Realty/CORFAC International’s Matthew Lewandowski. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL SELECTED TO REPRESENT VILLAGE OF FRANKLIN PARK IN TWO-BUILDING DISPOSITION
(Elmhurst, Illinois – April 8, 2020) – Darwin Realty/CORFAC International’s Rollo Dace has been selected by the Village of Franklin Park to market two vacant industrial buildings they have acquired through forfeiture. The buildings, located at 9800 Franklin avenue and 9150-58 Grand Avenue, will require extensive improvements to bring them up to the Village standards. However, they are located in a prime location near O’Hare Airport and offer value for intrepid investors looking for properties.
“Industrial and commercial real estate make up 50% of Franklin Park’s land area, and these properties could be a prime investment for someone looking to spruce them up and create modern amenities for interested tenants or buyers,” Dace says. “There’s a tax exemption of 10% on building materials to be used on properties with the Franklin Park Enterprise Zone.” (more…)
Comments Off on Darwin REALTY REPRESENTS TENANT AND LANDLORD IN NEW 174,178 SQUARE FOOT LEASE
(Elmhurst, Illinois –October 28, 2019) – Darwin Realty is pleased to announce the firm facilitated a lease between Axis Warehouse Management and CenterPoint Properties for the third party logistics company’s new 174,178 square foot space at 500 Country Club Drive in Bensenville, Il. CenterPoint Properties’ Senior Vice President of Asset Management Danielle Radtke and their attorney Jerome Richman of Richmond Breslin, LLC supervised the transaction. Axis Warehouse executives Frank Pagone, Ed Louis and Daniel Goldberg, along with their attorney John Chitkowski of Chitkowski Law Offices, worked with the brokerage team. Darwin Realty President Rick Daly led the transaction, with assistance from Managing Broker George Cibula. (more…)
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 REPRESENTS BUILDING OWNER IN NEW MANUFACTURING LEASE
(Elmhurst, Illinois –September 18, 2019) – Darwin Realty is pleased to announce the firm’s President Richard G. Daly and Associate Chris Mergenthaler represented a private partnership in the lease of its building at 1701 Birchwood Avenue in Des Plaines to Amphenol EEC. The tenant, a manufacturer of electrical, electronic and fiber optic connectors, is relocating its facility from Chicago and Mexico.
“The tenant was attracted to this building because of its heavy power and open floor plan,” Daly says. “The company’s relocation shows that the Midwest, and specifically Chicago, is once again becoming a desirable location for manufacturers because of its labor pool and ease of distribution.” (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.
Comments Off on Darwin REALTY REPRESENTS GARAGE DOOR SUPPLY COMPANY IN NEW LEASE
(Elmhurst, Illinois –April 30, 2019) – Darwin Realty is pleased to announce the firm’s Vice President Jeffrey Provenza and Associate Rollo Dace represented GDS Garage Door Supplies, Inc., in its new lease of 23,375 square feet at 9405 River Street in Schiller Park, IL. The garage door parts supplier was looking for a larger space in the same area to expand its growing business.
GDS is relocating and expanding from a 5,000 square foot location at 4027 Fleetwood Drive in Franklin Park, IL, more than doubling its existing space. The tenant selected the new location because of its easy access for its customers and ability to retain its employees by staying in the same region. The property is close to O’Hare International Airport and several major highways. It has a 14’ clear height ceiling, two docks, and one drive-in door.
“As a growing company, GDS was looking for a much larger location with good access to supply its customer with the garage parts they need,” Provenza says. “This O’Hare warehouse gives the tenant a good central location from which to do its business.”
Paine Wetzel’s Terry Lynch represented the building owner, Schiller 9405 LLC, in the transaction.
Comments Off on Darwin REALTY ANNOUNCES LEASE RENEWAL FOR CHICAGOLAND QUAD CITIES EXPRESS IN BRIDGEVIEW, ILLINOIS
Darwin Realty announced that Chicagoland Quad Cities Express has renewed their lease for a 412,405 square foot distribution compound in Bridgeview, Illinois.
Chicagoland Quad Cities is a 50-year-old third-party logistics and transportation company that specializes in warehousing and transportation services for many well-known companies. Chicagoland is a warehouse affiliate member of the National Association of Chemical Distributors. They also operate a food grade facility in Bolingbrook, Illinois. Between their Bridgeview and Bolingbrook locations, Chicagoland has 501,000 square feet of warehouse space in the Chicago-market.
Katie Michel, Sr. Vice President of Pritzker Realty Group negotiated the lease on behalf of ownership. Terri Wintermute, President, and Gary DiGrazia, Senior Vice President of Chicagoland Quad Cities Express negotiated the transaction on behalf of Chicagoland Quad Cities.
Adam Haefner, Director of Brokerage Services at Darwin Realty represented Pritzker Realty Group as their broker. George Cibula, SIOR, represented Chicagoland Quad Cities Express.
Comments 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.
Comments Off on Darwin REALTY ANNOUNCES NEW LEASE AT WEST SUBURBAN INDUSTRIAL BUILDING
(Elmhurst, Illinois – May 8, 2018) – Darwin Realty is pleased to announce the firm’s President Richard G. Daly represented Apex Warehouse Systems, LLC in its new lease of 107,600 square feet at 631 W. Park Avenue in Aurora, IL. The warehouse will serve as additional storage space for the materials handling and storage equipment company.
“This is a large crane-served facility that will help the tenant serve its existing client base and any new clients it may bring in,” Daly says.
The 342,268 square foot building features ceiling heights of up to 40 feet, outdoor storage space for vehicles and equipment, 10 exterior docks, 10 drive-in doors and seven cranes. With easy access to I-88 via Route 31, the building boasts low Kane County taxes.
The building owner, Transbulk Real Estate Limited Partnership, was represented by Transwestern’s Joe Karmin and Justin Lerner.
Comments Off on Darwin REALTY PROMOTES BRENDAN SHEAHAN TO VICE PRESIDENT
(Elmhurst, Illinois – January 4, 2018) – Darwin Realty and Development Corporation announced that industrial associate Brendan J. Sheahan has recently been promoted to Vice President. Mr. Sheahan’s expertise includes tenant and buyer representation, ownership representation, and build-to-suit projects, as well as investment analysis, acquisition, and disposition services. Mr. Sheahan is active in the Elgin-I-90 Corridor, Fox Valley, and I-88 Industrial Corridor and has recently completed over 1.3 million square feet in transactions totaling more than $30 million in value.
Mr. Sheahan joined Darwin Realty in 2012 following graduation from the University Of Wisconsin-Madison where he earned a Bachelor of Business Administration degree in Real Estate and Urban Land Economics, and Risk Management and Insurance.
Comments Off on Darwin REALTY ANNOUNCES 121,800 SF SALE IN INDIANAPOLIS, IN
(Elmhurst, Illinois – September 18, 2017) – Darwin Realty is pleased to announce the firm’s Brendan J. Sheahan represented a large, Midwest-based manufacturer and distributor of food products in their purchase of a 121,800 SF facility at 9710 Park Davis Drive in Indianapolis, Indiana. The purchaser, based in Chicago, will use the new facility to expand and enhance their production capacity and existing distribution operations in and around the Indianapolis market.
Following an extended, hands-on search, the Park Davis Drive facility was selected due to its existing manufacturing amenities and modern construction featuring 28’ clear ceilings, heavy power, and a fully air-conditioned warehouse. Situated on over 20 acres, the expandable facility will accommodate future growth in the market.
Chip Barnes and Brian Buschuk of the Indianapolis office of JLL represented the seller, Pinchal & Co., in the transaction.
Comments Off on Darwin REALTY ANNOUNCES LEASE RENEWAL AT BOLINGBROOK WAREHOUSE
(Elmhurst, Illinois – September 5, 2017) – Darwin Realty is pleased to announce the firm’s Managing Broker George Cibula and Director of Brokerage Services Adam Haefner represented the tenant, Chicagoland Quad Cities, Inc., in its lease of 89,670 square feet within the 320,722 square foot building located at 9 Timber Court in Bolingbrook, Illinois.
According to Haefner, “Chicagoland Quad Cities is a third party logistics company in an industry that has traditionally been a good indicator of the overall economy. Chicagoland’s continued success shows that many of their customers are thriving and looking to expand their warehouse space. The south I-55 corridor continues to be one of the most active submarkets in Chicago.”
Chicagoland Quad Cities chose to stay in the building because of its prime location in the south I-55 corridor, which is one of the most active areas in the Chicago industrial submarket.
The building owner was represented by Jason West and Sean Henrick of Cushman & Wakefield.
Comments Off on Bridge Sells 491,010 SF O’Hare Industrial Portfolio, Buys Land for Another 656,189 SF of Development
CHICAGO, August 17, 2017 — Bridge Development Partners, LLC, has announced the sale of four industrial buildings totaling 491,010 square feet in Chicago’s O’Hare market. The portfolio sale price was $69,275,000. Concurrently, Bridge acquired a 48-acre land site in nearby Franklin Park, IL for $27M and was brokered by Jeff Provenza of Darwin Realty. Bridge plans to develop three additional buildings totaling 656,189 square feet.
“In Chicago, and our other U.S. markets Bridge has had some success in developing state-of-the-art distribution facilities in infill locations like O’Hare that are highly desirable to a number of different industrial users,” said Steve Groetsema, Principal and Chicago Market Officer at Bridge Development Partners. “It’s not surprising to see these facilities preleased or leased soon after completion, making them very liquid to investors, and enabling us to buy additional strategically located sites for development.” (more…)
Comments Off on Darwin REALTY SELLS WEST SUBURBAN WAREHOUSE TO U-HAUL/AMERCO REAL ESTATE COMPANY
(Elmhurst, Illinois) – Darwin Realty is pleased to announce the firm’s Vice President Jeffrey Provenza and Managing Broker George Cibula represented the seller in the disposition of a 160,000 square foot warehouse facility located at 950 S. 25th Avenue in Bellwood, Illinois. In this transaction, 950 S. 25th Avenue LLC sold the building to U-Haul/AMERCO Real Estate Company for use as a truck rental and self-storage facility. This will represent an expansion for U-Haul/AMERCO who represented themselves in the transaction.
“This transaction takes an older industrial building and repurposes it to a higher and better use,” Cibula says. “As the market continues to tighten, we expect to see more reuse of outdated buildings such as this one.”
The building features 11,500 square feet of office space, 5,000 square feet of cooler space, 12.5-foot to 19.5-foot clear height ceilings, 14 exterior docks and two interior docks. U-Haul chose this site due to its proximity to I-290 and the large parking lot on the 8.3-acre site with truck parking. The new owner will take occupancy of the building in October.
Comments Off on Darwin REALTY ANNOUNCES NEW LEASE AT ELK GROVE VILLAGE WAREHOUSE
(Elmhurst, Illinois – June 26, 2017) – Darwin Realty is pleased to announce the firm represented the landlord in a new full-building lease at 951 Fargo Avenue in Elk Grove Village, IL. Darwin President Richard G. Daly and Darwin Director of Brokerage Services Adam Haefner represented a private institutional investor in the lease to seasonal food gifts distributor Marketplace Brands, LLC.
The tenant selected the 103,987 square foot building because it was recently renovated and features 22-foot ceilings, 11,000 square feet of office space, 10 dock positions and one drive-in door. The building has a Class 6B tax incentive in place and can be served by rail.
NAI Hiffman’s Joe Bronson and Josh Will represented the tenant.