Noel S. Liston

P630-782-9520 x3857 F630-782-9531 Visit LinkedIn Profile Notable Transactions
  • 167,000-SF FedEx terminal investment sale to Industrial Income Trust
  • 757,000-SF Build-to-Suit for Lease on behalf of Weber-Stephen Products LLC.
  • 1,060,000 SF 6-building portfolio investment sale to DCT Industrial
  • 353,000 SF long-term lease on behalf of AKIRA

Real Estate Background

Mr. Liston joined Darwin Realty and began his exemplary career in commercial real estate in 1995. Mr. Liston’s hands-on brokerage approach and knowledge of the Chicagoland market allows him to offer invaluable insight to service each of his clients successfully. His areas of concentration include investment sales and sale/leasebacks, tenant and landlord representation, built-to-suits and development of raw land.  In addition, Mr. Liston offers thorough investment services by assisting buyers and sellers in the analysis of potential investment sales and acquisitions. Throughout his 20-year distinguished career at Darwin Realty, Mr. Liston has sold or leased in excess of $750,000,000 of industrial properties.

Professional Affiliations/Designations

  • Association of Industrial Real Estate Brokers (AIRE)

  • National Association of Industrial and Office Properties (NAIOP)

  • Northern Illinois Commercial Association of Realtors (NICAR)


  • Illinois State University

  • Fenwick High School


  • “Through his tireless efforts, we were able to successfully execute a long term lease with an outstanding tenant in Weber-Stephen Products LLC for the design build of a 757,000 square foot facility, expandable to 1,100,000 square feet, on 75 acres of land in Huntley, Illinois. . . With Noel’s help, we were able to navigate a number of challenging obstacles in a very short timeframe. The fact that the new facility is now substantially complete is a testament to Noel’s hard work and efforts during the initial stages of the transaction. . . This project has been one of the more complex build-to-suit transactions I have been involved with and it certainly would not have been possible without Noel’s efforts on behalf of Weber-Stephen Products LLC.”

    - Ryan O’Leary, Duke Realty
  • “While evaluating the acquisition of the vacant building, Panattoni was extremely impressed with the depth of Noel’s market knowledge of both the Greater Chicagoland industrial market and the Central DuPage submarket. . . Noel’s insight was invaluable for us in underwriting the acquisition of a $13,000,000 vacant asset. . .The transaction as a whole was successful due to Noel’s insight and recommendations for strategic tenant improvements that allowed Panattoni to reposition the asset.”

    - Jason Rosenberg, Panattoni
  • “Hamilton Partners is grateful for your efforts which ultimately led to the sale of our Elgin business park (1,060,000 sf 6-building portfolio). Your working knowledge of the market and qualified buyers was instrumental in helping us sell the property in both challenging real estate and capital markets. As an owner of a significant number of industrial and office properties, we have dealt with many brokerage firms over the years. Working with Darwin Realty & Development Corporation was one of the best experiences I have had on an industrial transaction of this size.”

    - Kirk Hamilton, Hamilton Partners

Case Studies/Further Information