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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.
- ◦Sale/Acquisition
