NAI Hiffman completes three sale transactions in Bartlett, Batavia
OAK BROOK TERRACE, IL (September 27, 2016) – Sale activity is increasing, recently demonstrated by three sale transactions completed in Bartlett and Batavia in Chicago’s suburban Fox Valley Submarket.
In Batavia, Jeff Fischer, Executive Vice President, and Brett Tomfohrde, Associate, with NAI Hiffman’s Industrial Services Group, represented XENID Properties, LLC in the disposition of its 6.42 acre land site. The property, located at the northeast corner of North Raddant Road and Douglas Road, was purchased by Midwest Industrial Funds, Inc.
Fischer and Tomfohrde also represented buyer, HSRE Fund V Holding Company, in the acquisition of 1011 Olympic Drive in Batavia. The 88,500-square-foot building was sold by PROEX Properties LLP who currently occupies 100% of the asset and has signed a long-term lease with the new owner.
In Bartlett, Terry Herlihy, Senior Associate with NAI Hiffman’s Industrial Services group, represented Poulokefalos Ents LLC in the purchase of 802 East Devon Avenue, an 88,737-square-foot building located 1.5 miles from I-390 (Lake Street). The building will undergo renovations to improve the interior and exterior image, offer 32’ ceilings, and increase the dock count. The property will be ready to lease in 2017. Seller, Shale Inland Realty, LLC was represented by Frank Griffin and Dominic Carbonari of JLL.
About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 47+ million SF portfolio of over 500 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property.