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NAI Hiffman arranged a $36-million sale-leaseback for a warehouse near O'Hare International Airport

O’Hare-Area Warehouse Trades in Sale-Leaseback

NAI Hiffman recently brokered the sale-leaseback of a 251,909-square-foot warehouse located at 1455 W. Thorndale Ave. in Itasca, IL, about five miles west of O’Hare International Airport. The property traded for $36 million. 

Patrick Sullivan, EVP of capital markets, and Eric Tresslar, EVP of industrial services, represented Top-Line Furniture in the sale of its facility to High Street Logistics Properties, headquartered in Woburn, MA. Top-Line Furniture subsequently entered into a long-term lease for the property. 

1455 W. Thorndale Ave. is located in the highly sought-after O’Hare submarket, where the current vacancy rate is 2.09%, according to NAI Hiffman research

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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).

  • ◦Sale/Acquisition
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