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.
Darwin Realty is also proud to announce the recent long-term lease of 85,705 square feet at 1765 Holmes Road in Elgin, Illinois. The firm’s Noel S. Liston, Principal and Brendan J. Sheahan, Vice President represented ownership, High Street Realty Company, in the full-building lease of the high-image facility to a growing manufacturing company.
Another recent Darwin lease transaction in Elgin was 42,521 square feet of warehouse space within 1331-1333 Davis Road in Elgin, Illinois. Noel S. Liston, Principal represented the tenant, Chicago Logistic Service, in their lease to accommodate their logistics business. Darwin Vice President, Brendan J. Sheahan represented ownership, Zilber Property Group, in the lease to bring the 125,990 square foot building in Miller-Davis Industrial Park to 100% occupancy.
To date in 2019, Darwin Realty has been involved in over 400,000 square feet of transactions within the Elgin/I-90 submarket.