SUMMIT, ILL. — Essex Realty Group LLC has brokered the $1.7 million sale of an apartment building located at 7349 W. 57th St. in Summit, a southwest suburb of Chicago. The property features 17 one-bedroom units, 15 of which have been recently renovated. Anthony Citriglia of Essex brokered the sale.
CHICAGO — Marcus & Millichap has brokered the $7.9 million sale of a six-property, 38-unit multifamily portfolio in Chicago’s Noble Square neighborhood. The assets are located at 1516 N. Greenview Ave., 1452 N. Greenview Ave., 1350 N. Greenview Ave., 1302 N. Cleaver St., 1362 W. Crystal St. and 1049 N. Marshfield Ave. The properties feature a mix of one-, two- and three-bedroom units, many of which have been recently renovated. The portfolio also includes 10 income-producing garage spaces. Tyler Preissing and James Ziegler of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a local investment group.
SOUTH ELGIN, ILL. — Lee & Associates of Illinois has negotiated the $6.5 million sale of 84.4 acres of residential land at 325 Umbdenstock Road in South Elgin. John Cassidy, Jay Farnam and Ken Franzese of Lee & Associates represented the seller, Spohr Family Trust. The buyer, Lennar/CalAtlantic Group LLC, was self-represented. The site was previously marketed for an industrial use for more than a decade, according to Farnam. Lee & Associates secured a residential home builder to purchase the site and worked with the village on a land entitlement and approval process.
NAPERVILLE, ILL. — Greenstone Partners has arranged the $6.1 million sale of 1952 McDowell Road, a 55,000-square-foot medical and office building in the Chicago suburb of Naperville. The anchor tenant is Advanced Behavioral Health Services, which occupies the entire third floor and recently extended its lease through 2029. The asset was 86 percent leased at the time of sale. Jason St. John and AJ Patel of Greenstone represented the seller, a Naperville-based office operator. An outside broker represented the buyer, a local investor.
JOLIET, ILL. — Peak Construction Corp. will complete two tenant improvement projects at NorthPoint Development’s Third Coast Intermodal Hub Building 1 in Joliet. The first build-out totals 303,053 square feet and features a clear height of 40 feet, 25 dock doors, one drive-in door, 59 trailer stalls, 164 car spaces, 2,500 square feet of office space and two remote restrooms. The second project is an expansion for an existing tenant for whom Peak previously built out its space. The expansion adds 431,627 square feet with a clear height of 40 feet, 49 dock doors, one drive-in door, 97 trailer stalls, 204 car spaces, 5,500 square feet of office space and a remote restroom. Both projects are slated for completion in fourth-quarter 2025. The architect is studioNorth. Peak completed construction of the 1 million-square-foot building in 2024.
CHICAGO — Interra Realty has brokered the sales of two vintage apartment buildings in Chicago’s Lincoln Park neighborhood for a total of $13 million. The properties included 611-13 W. Arlington Place, a 23-unit asset built in 1927 that sold for $7.3 million, and 567-69 W. Arlington Place, a 14-unit building constructed in 1907 that traded for $5.7 million. Colin O’Malley of Interra represented the confidential seller of both properties. Joe Smazal and Mark Dykstra of Interra represented Hayes Properties, the buyer of 611-13 W. Arlington. The confidential buyer of the other property was self-represented. Both assets were fully occupied at the time of sale.
VERNON HILLS, ILL. — Fortec has acquired a 15,040-square-foot former ambulance warehouse at 401 W. Sullivan Drive in the Chicago suburb of Vernon Hills. The $1.7 million acquisition is part of a $5 million investment to transform the property into The Nest School-Vernon Hills, an early education center scheduled to open in spring 2026. Fortec has signed a lease with The Nest Schools, a childhood education operator with more than 50 schools nationwide. Construction is scheduled to begin this month, with planned improvements including a full interior renovation, the addition of an outdoor playground and a modern redesign led by New Look Architecture. The property formerly served as a Superior Ambulance headquarters. Fortec is financing the project with a lender partner and expects to complete construction by mid-2026. Northmarq’s Milo Spector represented Fortec in the deal.
FRANKLIN PARK, ILL. — Worldwide Flight Services (WFS) has signed a full-building, 66,552-square-foot industrial lease at The Cubes at ORD in the Chicago suburb of Franklin Park. The development is located immediately southeast of the O’Hare International Airport at the intersection of Irving Park Road and Seymour Avenue. The recently completed facility features 20 exterior dock doors, two drive-in doors, 11 trailer storage spaces, parking for 70 vehicles and direct access to I-294. Brian Colson and Brian Pomorski of Avison Young represented owner CRG in the lease, while Matt Mulvihill of CBRE represented WFS. CRG integrated partner Lamar Johnson Collaborative designed The Cubes at ORD while parent company Clayco served as general contractor.
ARLINGTON HEIGHTS, ILL. — Lee & Associates of Illinois has arranged the $1.5 million sale of a 15,654-square-foot industrial building in the Chicago suburb of Arlington Heights. The property is located at 3860 N. Ventura Drive. Dustin Albers of Lee & Associates represented the seller, AmBeed, a chemical wholesaler. The buyer, Digital Design Corp., is an engineering consultant already located in the same business park. The property will serve as an additional location for the company. Albers also represented AmBeed in its purchase of 1001 Asbury in Buffalo Grove, allowing the firm to consolidate its operations to a new corporate headquarters.
CHICAGO — Kiser Group has brokered the $33.9 million sale of The Avondale, a 52-unit luxury townhouse community located at 4200 W. Belmont Ave. in Chicago. Built by Noah Properties, the asset sold to an out-of-state investor. The property features a mix of three-, four- and five-bedroom units. Each residence features a two-car garage and a rooftop deck. At the time of sale, the community was 92 percent occupied. The buyer plans to reposition the asset by selling the units individually as townhome condominiums. Andy Friedman, Jake Parker and Viktor Radzieta of Kiser brokered the sale.
