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

Valtech Acquires Romeoville Industrial with Rental Income Stream

CBRE recently represented Valtech LLC in the acquisition of 1347-1349 Enterprise Dr., a 33,900-square-foot industrial property in Romeoville, IL. The purchase price wasn’t disclosed.

Cal Payne, Philip DeBeor, Matt Mulvihill and Kevin Segerson of CBRE represented Valtech in the transaction. NAI Hiffman’s Packy Doyle, Adam Roth and Dan Leahy advised the seller, Felix Loeb.

Valtech is an exclusive distributor for Magna-Tiles, an innovative toy manufacturer.

The firm will relocate from its current location elsewhere in Romeoville and occupy 22,000 square feet of the property. The building offers 24-foot clear ceilings and the remaining portion is fully-leased.

“This was a great opportunity for Valtech to upgrade its space and acquire a property with a steady flow of rental income in place,” said Payne.

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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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