Midwest Industrial Funds recently purchased four industrial buildings located in Cary, Elk Grove Village and Arlington Heights, all of which were acquired in the last 60 days.
The most recent acquisitions were buildings at 640 and 680 Industrial Drive in Cary. Both buildings were purchased vacant and are currently undergoing substantial renovations including exterior facade, landscaping, office and warehouse improvements as well as new roofs and paving resurfacing.
The 640 Industrial Drive property is a 76,000-square-foot building located on a large, paved land site that provides two plus acres for building expansion and/or heavy parking requirements. The building also features 22' ceilings, heavy power and exterior docks making it very functional for either manufacturing or distribution/service requirements.
The 680 Industrial Drive property is an all masonry, 83,000-square-foot, divisible, two-tenant facility with 18' ceilings, heavy power and six docks.
Entre Commercial Realty represented Midwest Industrial and Rick Levin represented the private seller on the Cary transactions. Adam Marshall formerly with NAI Hiffman and Joe Bronson of NAI Hiffman sourced the Elk Grove and Arlington Heights acquisitions for Midwest Industrial.
Staff Writer at REjournals