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Cawley Arranges Sale of Tinley Park Offices for Reuse as Industrial
Cawley Chicago closed the recent sale of a 49,418-square-foot building at 18410 Crossing Dr. in Tinley Park, IL. Principal Rawly Lantz, SIOR, and senior associate Justin Harris spearheaded a team in the sale of this office property to an industrial reuse facility.
Cawley represented the seller, a private investor, in the transaction. The buyer was a multinational laboratory group, represented by a team at CBRE led by Ted Gates.
“Evaluating the existing attributes of the vacant 33,301 square feet, we proposed a marketing strategy whereby a new user could add industrial concepts including docks and drive doors,” Lantz said. “This strategy led to immediate interest, multiple offers, and a closed sale within 6 months’ time.
In addition to Lantz and Harris, the team also included Cawley Chicago’s Industrial Brokerage principal Joshua Hearne, SIOR and VP Reinier Pranger.
For more insights into the industrial market, be sure to register for Connect Industrial Midwest 2023, scheduled for Feb. 22 at Joe’s Live in Rosemont, IL.
- ◦Sale/Acquisition
