The Missner Group Acquires 78,000 SF Flex Property Near Chicago

NILES, ILL. — The Missner Group has acquired a 78,000-square-foot industrial warehouse with office space for $2.4 million in Niles, approximately 15 miles northwest of Chicago. After acquiring the building, The Missner Group signed Avery Dennison, a leader in labeling and packaging materials and solutions, to a lease of the entire building. The Missner Group purchased the two-story building located at 6565 W. Howard St. from The Feld Family LP. The property consists of 56,000 square feet of warehouse and manufacturing space and 22,000 square feet of office space. The asset is situated on 3.6 acres and features 20-foot clear heights, five exterior docks and one drive-in door. Ed Adler of The Missner Group led the acquisition for the firm. Jack Rosenberg, Fredrick Regnery and Ned Frank of Colliers International represented The Missner Group in the purchase of the property, as well as the lease to Avery Dennison, which was represented by Brendan Green of Colliers. The Colliers team also represented the building’s seller, who was undisclosed.