Chicago & Midwest + Greater Chicagoland + Industrial | January 4, 2021

Newly-Built Industrial Trades in O’Hare Submarket

Colliers International Chicago’s Capital Markets team of Jeff Devine and Steve Disse worked with colleague Tom Rodeno to represent Clarius Partners/Wanxiang America Real Estate Group in the sale of a new, 99,076-square-foot Class A industrial facility at 9300 King Ave. in Franklin Park, IL. Brookfield Property Group purchased the property for an undisclosed price.

9300 King was constructed on a speculative basis and has not yet been occupied. Colliers, which took over leasing duties for the building in mid-2020, was able to attract interest from a variety of investors. Brookfield has retained Colliers as the property’s leasing agent.

“The O’Hare submarket continues to see robust leasing activity despite the pandemic,” said Devine, a principal with Colliers Chicago. “Tom Rodeno has this building now well-positioned to lease in the near term. New ownership should see great long-term returns from this acquisition.”

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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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