DARWIN REALTY ANNOUNCES SALE OF ELK GROVE VILLAGE WAREHOUSE
(Elmhurst, Illinois – June 20, 2016) – Darwin Realty is pleased to announce the firm completed the sale of a 70,796 square foot warehouse at 925-1065 Chase Avenue in Elk Grove Village, Illinois. Darwin Realty Principal Richard G. Daly represented the seller, Hicks Properties LLC in the transaction.
TMI Properties LLC has purchased the two-tenant facility which is divided into 41,000 square foot and 29,000 square foot spaces as an investment. The smaller space is occupied by Filter Services, Inc. with a long-term lease, allowing the buyer to purchase the building with existing income already in place and occupy the balance of the building. The 20’ clear building features 11 docks, three drive-in doors and parking for 115 cars. The offices within the building have been recently renovated.
Colliers’ Jonathan Kohn represented the buyer, TMI Properties LLC.