Darwin REALTY ANNOUNCES THREE ELGIN TRANSACTIONS TOTALING 218,000 SFComments 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…)