Avison Young Closes Deal for West Side Industrial Space
Avison Young negotiated the sale of 44,000 square feet of industrial space on behalf of the undisclosed seller at 3843-3847 Lake St. on Chicago’s West Side.
The firm’s Steven Kohn represented the undisclosed seller. The undisclosed local investor was represented by Ari Topper of Baum Realty.
The buyer will use the facility for its construction division, retaining one of the construction tenants and offering more than 10,000 square feet for lease. The renovation of the facility is ongoing.
“The building was a perfect fit for the seller for almost 20 years with numerous tenants,” said Kohn. “It was used for storage, a construction firm, masonry firm and a car repair shop, but the seller no longer needs the space. However, the same facility will be beneficial for the new buyer because of the access to I-290 and will provide options for tenants that have been displaced from the Fulton Market.”
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).