Lee & Associates Negotiates Multi-Story Self-Storage Sale
Lee & Associates, one of the largest national commercial real estate providers, negotiated a sale of a 3.43-acre vacant lot near the Southeast corner of West Bartlett Road and Route 25 in Bartlett, Illinois.
Rick Scardino, Principal at Lee & Associates, represented the seller, Abbott Land. Dan Lynch, Senior Vice President at Colliers, represented the buyer, Berman-Lapetina. According to the Chicago Business Journal, the property sold for $859,000.
A new multi-story self-storage facility is planned for the site in this exploding residential corridor. “There’s a lot of new construction taking place for residential projects [in Bartlett], and a storage facility would certainly complement it,” said Scardino to the outlet. “No construction has begun yet for the storage site, but I suspect that will begin before winter to avoid all the challenges that come with cold weather, snow, and other elements that make construction difficult.”
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.