CBC Devonshire Arranges Sale of Champaign Industrial
Coldwell Banker Commercial represented the seller in the sale of a 194,380-square-foot industrial building located at 3310 N. Duncan Rd. in Champaign, IL in a transaction valued at $9.4 million. A.J. Thoma III with Coldwell Banker Commercial Devonshire Realty represented the seller.
The two-story building, constructed in 2006, contains 74,084 square feet of production space located on the east side of the first floor, along with 54,758 square feet of office space on the second floor and 20,076 square feet of mezzanine production space.
“Industrial space demand from commercial real estate investors and end users continues to be high in the Champaign-Urbana metropolitan area, while the current inventory levels of traditional industrial assets keep declining,” said Thoma. “This property was formerly used to distribute medical supplies along with printing operations and is well suited for the next occupier’s business needs.”
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).