Conor Sells Winfield Industrial Leased to High-Credit Tenants
Conor Commercial Real Estate sold the newly developed North Avenue Commerce Center, a 265,550-square-foot industrial property in Winfield, IL. Buyer and pricing details weren’t disclosed.
At the time of sale, the development was 82% leased by two tenants. One of the world’s largest e-commerce retailers leased 144,645 square feet as last-mile warehouse and distribution space, and a furniture manufacturer leased 71,870 square feet for warehousing and distribution.
“With two high-credit, long-term tenants and space for an additional tenant, North Avenue Commerce Center will be a valuable addition to the buyer’s portfolio,” said Conor EVP Brian Quigley. “With unmatched logistical advantages, easy access to Chicago’s highways and strong surrounding demographics, North Avenue Commerce Center is a destination for e-commerce and industrial users in the Central DuPage County submarket.”
McShane Construction Company and Ware Malcomb provided construction and design services. Cushman & Wakefield’s National Industrial Advisory Group represented Conor in the sale.
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).