Colliers’ Devine and Disse Sell Aurora Industrial for Sterling Bay Partnership
Colliers Chicago’s Jeff Devine and Steve Disse represented a partnership between Sterling Bay Industrial, Development Resources, Inc., and Levy Family Partners in the sale of Butterfield VI Distribution Center, a cross-docked industrial facility located at 2350 Frieder Ln. in Aurora, IL, to an unnamed institutional investment advisor. The sale price was not disclosed.
Built in 2020, the 503,244-square-foot warehouse sits on 34.5 acres and features 36’ clear ceiling height, LED lighting, 52’ by 52’ column spacing and parking for 125 trailers and 286 cars, which is expandable. It is 66% leased to LGSTX Distribution Services.
“E-commerce continues to drive demand for well-located, modern product,” said Devine, a principal with Colliers Chicago and recent honoree (with Disse) in Connect CRE’s Top Broker Awards. “This was an exceptional opportunity for the buyer to acquire an asset with tremendous upside and increase its yield via the building’s remaining vacancy.”
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).
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