ARC PROPERTY INVESTMENT BUYS FLEX BUILDING IN ITASCA FOR $2.3M

ITASCA, ILL. — ARC Property Investment LLC has purchased a 40,134-square-foot flex building located at 150 Spring Lake Drive in Itasca, a western suburb of Chicago, for $2.3 million. Jeff Janda and Jim Planey, both principals, and Mike Plumb, senior vice president at Lee & Associates of Illinois LLC, represented the seller, Spring Lake Partners. Joe Karmin of Newmark Knight Frank Epic, represented the buyer in the transaction.