Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Greater Chicagoland  + Industrial  |  October 21, 2024
Jasmine Kilman
By: Jasmine Kilman

Investor Buys Land for Cold Storage, Warehouse Development in Aurora

Lee & Associates has negotiated a land sale for 3.95 acres located at 2290 White Oak Circle, Aurora, Illinois. The site has great access to the I-88 tollway via Eola Road to the east and Farnsworth Avenue to the west.

The seller was represented by Nick Eboli, principal, and Andrew Block, executive vice president, at Lee & Associates. George Cibula, SIOR, managing broker of DarwinPW Realty/CORFAC International, represented the buyer. The investor who purchased the land plans to build a 50,000 to 60,000-square-foot speculative cold storage or warehouse facility.

“Buyer demand really increased on this site over the last few years as sale inventory for existing buildings in I-88 market started dwindling, leaving users with fewer options and more considering the idea of new construction,” said Block. “Ultimately, the right buyer surfaced and is considering the site for a speculative development of a specialized building that the buyer hopes will demand attention for a product type that the market is currently lacking.”

Read More News Stories About: Lee & Associates
Connect

Inside The Story

Lee & Associates

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints