Plymouth Industrial Buys Elgin Industrial Site

The 74,613-square-foot industrial property at 440 S. McLean Blvd. in Elgin has been sold to the Plymouth Industrial REIT by a private investor.

NKF Capital Markets orchestrated the sale for the seller, while Newman Grubb Phoenix Realty Group represented Plymouth Industrial.  The sales price was not disclosed.

Advance Engineering Corporation has occupied the entire building since 2006. The property is located in an industrial park at the southwest corner of the intersection of McLean Boulevard and the U.S. 20 interchange, 30 minutes away from O’Hare Airport.

“As a mission-critical, 100% net leased industrial facility in the heart of Elgin, 440 S. McLean represented a premier investment opportunity,” said NKF’s Adam Marshall, who oversaw the deal, in a statement. “The asset’s long-term viability is solidified by…access to major transportation linkages and access to Elgin’s deep, diverse labor pool.”

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