CBC Arranges Sale of Two Industrial Properties for Redevelopment
Coldwell Banker Commercial finalized the sale of two separate industrial properties located in Chicago for a combined sale price of $1.6 million. James Hodur, Coldwell Banker Commercial NRT senior commercial executive, and Coldwell Banker Commercial NRT associate Benjamin Miotti both represented the seller.
The 9,400-square-foot building located at 1883-1885 W. Fullerton Ave. was built in 1930 and sits on 0.16 acres of land. The 6,250-square-foot land site at 2337-2339 N. Elston Ct. sits on 0.14 acres of land. The buyer plans to redevelop the property for new medical use with a parking lot located across the street.
“This combined industrial sale shows the continued strength of the development market in the Elston, Damen and Fullerton areas following the recent additions of national chain restaurants and an urgent medical care center located nearby,” said Hodur.
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!