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Entre Commercial Completes Sale of O’Hare Submarket Building
Entre Commercial Realty closed the sale of 1450 Feehanville Drive, a 112,290-square-foot facility on 5.6 acres of land in Mount Prospect’s Kensington Business Center. The property features 24’ ceilings and is located in the northern O’Hare industrial submarket.
Entre’s Dan Benassi, SIOR, Dan Jones, SIOR and Sam Deihs represented the purchaser, a joint venture affiliates of Nicholas & Associates and Parenti & Raffaelli, who jointly intend to occupy a portion of the facility, and the remainder will be leased to third-party tenants. CBRE’s Mike Sedjo and Jack Brennan represented the seller in the transaction.
Nicholas & Associates is a full-service construction management and development company specializing in public projects, multifamily and mixed-use developments primarily in Illinois, Wisconsin and Florida. Parenti & Raffaelli is a custom woodworking company specializing in custom-finished millwork.
Extensive renovations are planned to convert the property into a multi-tenant facility, including a new entrance façade, office area and truck docks. Additional improvements include new landscaping, lighting, and parking.
