Chicago & Midwest + Greater Chicagoland + Industrial | March 10, 2020

Elmhurst Sees One of Its Largest Industrial-User Sales

NAI Hiffman brokered the $5.4-million sale of a 75,000-square-foot industrial building at 776 N. Oaklawn Ave. in Elmhurst, IL. The firm’s Joe Bronson, Josh Will and Aimee Goudas represented the buyer, Elk Grove Village IL-based Haskris Co., a manufacturer of refrigeration and heating equipment.

Vickie C. Soupos, of the Colovos/Soupos Group at RE/MAX Destiny in Elk Grove Village, represented the seller, Dorothy Stojka.

“This is one of the largest industrial-user sales ever to take place in Elmhurst, demonstrating that demand remains strong for warehouse properties in this optimally located submarket,” said Bronson. “Over the past 15 years, there have only been three other industrial-user sales that took place with larger square footage.”

Bronson noted that the Elmhurst industrial market benefits from lower occupancy costs and tax savings. “This sale shows that the price per square foot in both Elmhurst and DuPage County remains competitive and of high value.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With NAI Hiffman’s BronsonConnect With RE/MAX Destiny’s Soupos

About Paul Bubny

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).