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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  January 3, 2019
Paul Bubny
By: Paul Bubny

Midwest Industrial Picks Up Former Motorola Site in McHenry

Midwest Industrial Funds recently purchased a 218,064-square-foot manufacturing and distribution building on 20 acres in McHenry, IL. The building was developed as a manufacturing and distribution facility for Motorola, and was vacant at the time of acquisition.

Colliers International’s Suzanne Serino represented the undisclosed seller.

“The property is in a high-end business park and is as modern and functional as it gets in McHenry County,” said Midwest Industrial’s Jed Degnan. “We started negotiating on this property back in the late spring, but we were having a hard time getting to the seller’s price point.

“Suzanne did a terrific job finding a lease prospect in Disk.com to lease a portion of the building,” he continued. “That was a big key to help us bridge the gap and get to the seller’s price point, while still making the risk/reward economics work on our end.” Serino is also marketing the property’s remaining space.


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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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