High-rise commercial buildings

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  + Illinois  + Industrial  | 

Binswanger Arranges Sale of 1M-SF Southern Illinois Facility

Binswanger completed the sale of a 1,079,020 square-foot distribution center on 72 acres in Marion, IL. The property is located at 1100 Glenn Clarida Dr. in Southern Illinois.

Binswanger’s Zach Binswanger and Micoley assisted with the transaction for the seller, Dalfen America. The unnamed buyer is a Tennessee-based investor and the sales price was $9.8 million. The buyer was self-represented.

The site is strategically located between the St. Louis and Memphis markets, and within four miles of Interstate 57, making it a retail and commercial hub for the area. The Class A facility was constructed in 1999, with an expansion in 2004 and was renovated in 2013.

The building is constructed of 6-inch concrete slab floor, pre-cast concrete panel walls, and ceiling heights ranging from 32 feet to 37 feet. Key features include T-5 fluorescent fixtures with motion sensors, an ESFR sprinkler system, and is rail-served by local dual-access rail line, which provides access to both BNSF and UP rail lines.

The Connect Industrial conference will take place July 11. For more information, or to register, log on here.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Binswanger’s Binswanger

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition