Brown Commercial’s Hezner Arranges O’Hare Portfolio Sale
Amid robust industrial demand that continues to fuel investment activity and rent growth in Chicago’s O’Hare submarket, Brown Commercial Group senior broker Mason Hezner represented a private investor in selling buildings at 825-835 Touhy Ave., 855 Touhy Ave., and 875 Touhy Ave. in Elk Grove Village, IL to Sawmill Property Company. All three buildings, totaling 40,000 square feet, have been leased on a long-term basis by Centech Plastics, Inc., a plastic injection molding company.
The buyer was represented by John Joyce and Danny Vanecko of SVN Chicago Industrial. Deal terms weren’t disclosed.
“Investors continue to search for well-located industrial buildings that can provide a strong, long-term return,” Hezner said. “These assets were ideally located in the sought-after O’Hare submarket, which continues to see strong demand from investors and tenants.”