CBRE ARRANGES ACQUISITION OF 150,197-SQUARE-FOOT INDUSTRIAL BUILDING

NILES, ILL. — CB Richard Ellis (CBRE) has arranged the acquisition of a 150,197-square-foot industrial building located at 7555 N. Caldwell Ave. in Niles. The facility features 18,000 square feet of office space and 20- to 24-foot clear ceiling heights. It was acquired by Jinny Beauty Supply Corp., which plans to use the property as its distribution and corporate headquarters. Brett Kroner and Keith Puritz of CBRE represented Jinny in the transaction. Denise Chamovitz, Joel Friedland and Adam Schneiderman of Epic Realty Partners represented the undisclosed seller. The acquisition price was not disclosed, but the asking price was $7.8 million.