Chicago & Midwest + Greater Chicagoland + Industrial | April 12, 2023

Marcus & Millichap Finalizes Sale of Hebron Industrial

Marcus & Millichap closed the sale of 11414 Maple Ave., an industrial property located in Hebron, IL. Terms of the sale were not disclosed.

Associate Dylan Hyde and first VP Peter Doughty, investment specialists in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a local private investor. The buyer, a Missouri-based private investor, was also secured and represented by Hyde and Doughty.

11414 Maple Ave. is located less than three miles from the Wisconsin border. The 39,700-square-foot facility sits on 5.4 acres of land and is fit for a single tenant, with about 12.5% of the building used as office space, and the rest used for accessible industrial warehousing space. At the time of the sale, the building was fully occupied by a single tenant based out of New York.

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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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