Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Greater Chicagoland  + Industrial  |  June 17, 2026
Jasmine Kilman
By: Jasmine Kilman

Lee & Associates Closes $25M Sale of 443K-SF Industrial Building in Elgin

Lee & Associates closed a $24.8 million sale transaction for a 442,601-square-foot industrial building located at 1717 Gifford Drive in Elgin, Illinois.

Frank Griffin, principal and Mike Adams, senior vice president, at Lee & Associates’ Illinois office represented the buyer, PJP Holdings, LLC, a rigid plastic manufacturing company that will modernize the facility and surrounding infrastructure. Jack Brennan and Steve Bass of NAI Hiffman represented the seller, JP Elgin Project Company LLC.

The transaction is the second-largest industrial building sale in the metropolitan Chicago area in 2026, by square footage and the largest to date in the North Kane/I-90 submarket by both square footage and dollar volume. The deal was completed by PJP, with the assistance of the law firm Liston & Tsantilis.

“Planned improvements are designed to position the property for long-term industrial use and growth,” said Griffin. “Upon completion, PJP plans to operate the facility on a full three-shift schedule. The expansion is anticipated to generate significant new employment opportunities and strengthen Elgin’s industrial workforce base.”

Read More News Stories About: Lee & Associates, NAI Global
Connect

Inside The Story

Lee & AssociatesNAI HIffman

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints