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Chicago & Midwest  + Chicago + Greater Chicagoland  + Industrial  |  March 8, 2023
Paul Bubny
By: Paul Bubny

Cawley Chicago Brokers Sale of Multi-Tenant Crystal Lake Warehouse

Cawley Chicago arranged the sale of a multi-tenant industrial property located at 7510 Virginia Rd. in Crystal Lake, IL for an undisclosed sum. The team, led by principal David Conroy and associate Joe Shapiro closed the deal, marking their sixth successful transaction in the McHenry County submarket within the past 15 months. The buyer was represented by Logan Krutsch of Fuhler Properties, who also served as the broker-owner for Logan & Kurt Krutsch.

Shapiro said, “This was a win-win deal for both buyer and seller. This intricate seller-financed sale allowed the buyers to get a lower interest rate and the sellers a higher price.”

Built in 1960, the 46,000-ssquare-foot, single-story industrial warehouse sits on 3.9 acres and offers outdoor storage, ample parking, and a warehouse showroom. Crystal Lake is located 45 miles northwest of Chicago, is about a 45-minute drive from O’Hare International Airport and is near several major highways and Interstates.

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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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