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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  May 9, 2019
Paul Bubny
By: Paul Bubny

Colliers’ Volkert Arranges Industrial Sales to Panattoni

Colliers International Chicago’s Chris Volkert represented two private sellers in the sale of three single-story industrial properties in Skokie, IL to Panattoni. The properties included a 78,101-square-foot building at 7515 Linder Ave., a 35,000-square-foot building at 7555 Linder Ave., and a 44,000-square-foot building at 7520 Long Ave.

Panattoni plans to demolish the buildings in order to make way for a state-of-the-art, 140,000-square-foot spec warehouse/distribution facility on the 7.1-acre site, with delivery set for the fourth quarter. The California-based developer, which has a local office in Rosemont, recently picked up two other infill sites in Wheeling and Green Oaks, with plans to build a distribution center at each location.

“Users seeking access to the city, surrounding suburbs and O’Hare will find these properties ideally suited for their various distribution needs,” said Volkert.

Panattoni has retained Volkert to market all three projects.

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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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