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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  December 3, 2018
Paul Bubny
By: Paul Bubny

Colliers Sells Two Warehouses for Bristol Group

Colliers International | Chicago has arranged the sale of two Bristol Group warehouse facilities located in Carol Stream and Elgin, IL. With an asking price of $7 million, a private investor has purchased a 45,746-square-foot building located at 450 Tower Blvd. in Carol Stream, and a 35,756-square-foot facility at 1895 Big Timber Rd. in Elgin (pictured).

Colliers’ Kelly Joyce represented the buyer, while Colliers’ Jeff Devine and Steve Disse advised the seller, Bristol Group. Both properties were 100% leased at the time of sale.

“The buildings were attractive to the buyer due to their unique sizes,” said Joyce, a VP at Colliers. “Two-tenant buildings with smaller spaces around 15,000 to 24,000 square feet are desirable sizes, and it can be challenging to find similar facilities.”

Bristol Group is a real estate investment and development firm with industrial, self-storage, office, retail, multifamily and alternative use properties located throughout the U.S.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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