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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Avison Team Sells O’Hare Industrial Portfolio

Avison Young represented Brennan Investment Group in the sale of an industrial portfolio in Mt. Prospect, IL, within the O’Hare submarket. The purchase price wasn’t disclosed.

The firm’s Erik Foster, Mike Wilson, Chris Lydon and Chris Tecu represented Chicago-based Brennan in selling the 182,298-square-foot portfolio at 1900 and 2000 Carboy Rd. to San Francisco-based Glen Una Management Company.
The two-building, multi-tenant portfolio is 90% leased. When the Elgin-O’Hare Expressway expansion is completed, the portfolio will offer convenient access to the airport.

“Investors continue to focus on the O’Hare industrial market, which has seen significant investment, leasing, and development activity in recent years,” said Foster.

In addition to the Carboy Drive sale, there were 91 industrial properties totaling 12.3 million square feet sold in the Chicago region in the first quarter, according to Avison Young.

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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 13-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 15-20 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).

  • ◦Sale/Acquisition
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