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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Newly-Built Central DuPage Industrial Finds Buyer

Colliers International | Chicago’s Jeff Devine and Steve Disse represented Venture One in its sale of an 81,212-square-foot logistics facility at 845 Larch Ave. in Elmhurst, IL. The new-build property traded for an undisclosed price to Alpha Industrial.

“Venture One viewed it as an opportune time to sell this very well-located small facility,” said Devine. “845 Larch was one of two new construction projects completed in the Central DuPage submarket in 2018. The area is experiencing record low vacancy rates, which was reflected in the fact that the subject building had been partially leased prior to completion.”

Completed last December, the facility is situated on 4.7 acres. The centrally-located 845 Larch offers immediate access to O’Hare International Airport, along with the entire Chicago market via I-290 at York Road, I-294 and I-355.

At the time of sale, the facility had 55,879 square feet remaining available, divisible to two units.

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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 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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