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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

SVN | Chicago Closes Sale of Elk Grove Industrial

A 51,700-square-foot industrial building sold for $3,043,000 at 1425-1455 Tonne Rd. in Elk Grove Village, IL. John Joyce, CCIM and Danny Vanecko of SVN | Chicago Industrial represented the purchaser, a private investor.

“After the closing, our client commended us for assembling a due diligence team of practitioners to provide a seamless transaction,” said Joyce.  SVN | Chicago Industrial’s private client has engaged its services to transition from one asset class to another while building a portfolio of industrial properties.

The property is located in the highly sought-after O’Hare Industrial submarket. SVN | Chicago noted that the submarket is expected to see a continued strong demand due to its desirable infill location with close proximity to O’Hare International airport and major highways as well as its access to a strong labor pool.


Inside The Story

SVN | Chicago

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).