02/12/2019 | Press release | Distributed by Public on 02/12/2019 14:51
NKF Orchestrates Two Industrial Investment Sales in DuPage County Valued in Excess of $11M
Newmark Knight Frank (NKF) is pleased to announce that it has successfully orchestrated two industrial investment sales totaling approximately 196,000 square feet in DuPage County, Illinois. Together, both sales are valued at more than $11,000,000.
In the first transaction, Senior Managing Directors Elise Couston, SIOR and Adam Marshall, SIOR, CCIM with Managing Director Boris Shraybman of NKF's ChicagoCapital Markets team arranged the successful sale-leaseback of 1005 N. Commons Drive in Aurora, Illinois, a 140,000-square-foot Class A industrial warehouse. NKF represented the seller and tenant, Import Logistics, Inc. in the sale-leaseback. The facility sold to a local private investor for an undisclosed amount.
'The sale-leaseback of 1005 N. Commons Drive provided investors with the opportunity to acquire a mission-critical facility that is 100 percent net leased on a long-term basis,' stated Couston. 'The asset's excellent location within the Meridian Business Campus in the I-88 corridor, also made for a very attractive opportunity for buyers, and thus we received several offers.'
Marshall and Shraybman also successfully orchestrated the sale of 466 Vista Avenue in Addison, Illinois, on behalf of a private owner. Venture One Real Estate acquired the 55,750-square-foot facility on 2.19 acres for $2,350,000. The facility was purchased 100 percent leased to E & C Custom Plastic, Inc.
'We are pleased to have represented the seller in this transaction,' said Marshall. 'This property offered investors the opportunity it acquire a 100 percent net-leased manufacturing facility situated at a desirable in-fill location within Addison Industrial Park.'
About Newmark Knight Frank
Newmark Knight Frank ('NKF'), operated by Newmark Group, Inc. ('Newmark Group') (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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