THREE INDUSTRIAL FACILITIES SELL IN O'HARE SUBMARKET
ELK GROVE VILLAGE, MOUNT PROSPECT AND DES PLAINES, ILL. — Grubb & Ellis' Institutional Capital Markets group has brokered the sale of three institutional-grade industrial facilities in the O'Hare submarket. In the first transaction, Erik Foster and Mike Wilson of Grubb & Ellis represented an institutional investor in the sale of Tri Center, a three-building, 140,837-square-foot industrial portfolio located at 1710 to 1912 Elmhurst Road and 2535 to 2552 Pratt Blvd. in Elk Grove Village. Town Investments acquired the property for an undisclosed price. Foster and Wilson, on behalf of an institutional fund, also brokered the sale of Prospect Industrial Center, a 240,000-square-foot multi-tenant industrial facility located at 1900 to 2000 Carboy Road in Mount Prospect. Brennan Investment Group acquired the property. In the final transaction, Foster, Wilson and John Basile of Grubb & Ellis represented Albion Illinois Funds in the disposition of 2392 S. Wolf Road in Des Plaines, an 84,730-square-foot industrial/flex facility that is fully leased to Unisource Worldwide. DCT Industrial Trust purchased the property for an unreleased price.