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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  March 12, 2018
Paul Bubny
By: Paul Bubny

Glendale Heights Industrial Trades; Will Be Online Car Sales Warehouse

NAI Hiffman recently brokered the sale of 500 Mitchell Rd. in Glendale Heights, IL. Greater Chicago Motors purchased the 20,000-square-foot property from a private owner to be used as an online car sales warehouse. Deal terms were not disclosed.

NAI Hiffman EVP Kelly Disser and associate Mike Freitag represented ownership in its sale to Greater Chicago Motors, after being retained in February 2017.  Berkshire Hathaway/Koenig Rubloff Realty Group’s Cris Sallmen represented Greater Chicago Motors in the acquisition.

NAI Hiffman data on Greater Chicago’s industrial market shows that the Central DuPage submarket, which includes Glendale Heights, had one of the region’s lowest vacancy rates at 4.51% as of fourth-quarter 2017. As with most industrial submarkets in the region, vacancies and availabilities in Central DuPage were on a downward trend as of Q4. There was no construction activity in the submarket during the quarter.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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