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Colliers’ Devine and Disse Arrange Sale of Naperville Warehouse
Colliers Chicago’s Jeff Devine and Steve Disse represented TA Realty in the sale of Jefferson Business Center, a 169,250-square-foot warehouse/distribution center located at 1748 Jefferson Av. in Naperville, IL, to Black Creek Group for an undisclosed sum. Devine and Disse were the sole brokers on the transaction.
“This is a great building built by a best-in-class developer,” said Devine, an executive managing director at Colliers Chicago. “It is in the heart of Chicago’s western suburbs and designed to serve the most active tenant size in one of Chicago’s deepest industrial submarkets.”
Completed in 2019, the Class A facility includes features required by mid-size distribution/logistics users in today’s market, including 32-foot clear ceiling height, 21 loading docks, 203 car parking stalls and 23 trailer stalls. The building was fully leased to four tenants at closing.
- ◦Sale/Acquisition