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Chicago & Midwest  + Greater Chicagoland  + Illinois  + Industrial  | 

Lee & Associates Sells 95K SF Industrial Building to Manufacturer

Lee & Associates has closed on the sale of a 94,490-square-foot manufacturing building located at 2050 Mitchell Boulevard in Northwest suburban Schaumburg, Illinois. Constructed in 1988 and located adjacent to Schaumburg Regional Airport, 2050 Mitchell Boulevard is a free-standing industrial manufacturing building on a 10.8-acre site with room to grow.

Terry Grapenthin, Michael Plumb, and Ryan Earley, all principals at Lee & Associates’ Illinois office, represented the seller. Nick Krejci and Noel Liston of Core Industrial Realty represented the buyer.

“The property is a well-maintained facility with 4.5 acres of expansion land. Given the very limited supply for solid assets to purchase in today’s environment, within a few months, we were able to secure a favorable deal with back-end flexibility for our client,” said Grapenthin. “Given they are both manufacturing companies, the operational similarities between the buyer and seller made this building and its infrastructure an ideal fit.”

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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.

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