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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  September 24, 2020
Paul Bubny
By: Paul Bubny

Lee IL Closes Industrial Deals Near O’Hare

Lee & Associates recently closed a pair of industrial transactions in the O’Hare market.  They included a lease in Itasca and a sale in Elk Grove Village.
 
Chris Nelson and Jeff Janda, principals at Lee & Associates’ Illinois office, represented owner Bridge Development on the long-term lease of 42,000 square feet within 1150 W. Devon Ave. in Itasca. The property is one of the three newly constructed buildings in Bridge Point Itasca. JLL’s Sam Durkin represented the tenant, Concordia International Forwarding Corporation. 

In the second transaction, VP Bradley Simousek represented buyer Century Marble and Granite in its $1.1-million purchase of 1299 Lunt Ave., a 22,345-square-foot industrial building in Elk Grove Village. John D’Orazio and Jonathan Kohn of Colliers International represented the seller, Mumford Properties.
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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