Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

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  + Industrial  |  October 5, 2023
Colliers Arranges Sale of Three-Building Chicagoland Industrial Portfolio
Jasmine Kilman
By: Jasmine Kilman

Colliers Arranges Sale of Three-Building Chicagoland Industrial Portfolio

Colliers’ Jeff Devine, Steve Disse and Tyler Ziebel represented Ares Industrial Management in the sale of three Chicago area industrial buildings totaling 541,283 square feet to Venture One. The institutional quality assets were all 100% leased at lease rates, notably below the current market.  

The properties are located in three distinct locations at 277 Alft Court in Elgin which spans 246,446 square feet. The 1881 Normantown Road property in Romeoville totals more than 226,102 square feet and the asset located at 351-355 Hastings Street in Buffalo Grove features 68,735 square feet of space.

“These were high quality assets in proven locations which offered potential buyers diversity in both product type and submarkets.  Many investors viewed this as an opportunity to improve overall portfolio metrics with high quality and well-located buildings,” said Devine, a Vice Chairman and principal with Colliers’ Chicago office.

Read More News Stories About: Colliers
Connect

Inside The Story

Colliers

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints