PODOLSKY NORTHSTAR ARRANGES SALE OF INDUSTRIAL PROPERTY IN ILLINOIS

RIVERWOODS, ILL. — Podolsky Northstar CORFAC International has brokered the disposition of Southpoint I, a 100,415-square-foot industrial property located in Tinley Crossings Corporate Center in Riverwoods. KVH Industries acquired the property, which is located at 8400 W. 185th St., from Jefferson Pilot Investments, a subsidiary of Lincoln Financial Group. Built in 1998, the property features 28-foot clear ceilings, 17 exterior docks, two drive-in-doors, an ESFR sprinklers and parking for 112 cars. Adam Tarantur and Randy Podolsky of Podolsky Northstar represented Jefferson Pilot; Larry Johnson of CB Richard Ellis represented KVH in the transaction. Dan Minor of Vorys, Sater Seymour & Pease LLP provided legal services for the seller, while Jay Gitles of Seyfarth Shaw provided legal services for the buyer.