Exeter Picks Up Lake Zurich Facility in Sale-Leaseback
Entre Commercial Realty recently represented Exeter Property Group in the purchase of a 122,048-square-foot high-image facility in Lake Zurich, IL from 1300 Rose Road LLC. The purchase price was not disclosed; the property is occupied primarily by Powernail Company.
The seller will be leasing back approximately 65% of the facility on a long-term lease, while the remaining portion of the building has another tenant in place. Built in 2005, the property features 28’ clear height, expansion land and low Lake County taxes.
Brian Bocci of Entre represented Exeter in this transaction. Kris Keller of Keller Williams worked on behalf of the seller.
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).
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