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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Lee IL Completes Lease, Sale of Itasca Industrial

Lee & Associates recently closed a lease and sale transaction for a 116,880-square-foot industrial building located at 921 Ardmore Ave. in Itasca, IL. Terms of the sale weren’t disclosed.
 
Mark Baumhart, CCIM and Jeff Janda, SIOR, principals at Lee & Associates’ Illinois office, were the sole brokers in the investment sale from a private investor to Exeter Property Group. Shortly before the sale, the Lee team also brokered a lease renewal for tenant 4C Logistics, LLC. 

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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 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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