Transwestern Arranges $7.1M Sale of Flex Industrial Property in Schaumburg, Illinois

SCHAUMBURG, ILL. — Transwestern Commercial Services has arranged the sale of the Willow Lake Tech Center in Schaumburg for $7.1 million. The 105,007-square-foot flex industrial property is located at 400-444 State Parkway. Built in 1997, the two-story asset offers both warehouse and office space. It is currently 96 percent leased by multiple tenants. Gary Nussbaum and Paige Gunn of Transwestern represented the seller, Ascendance Partners. Gunn and Nussbaum worked with Ryan Morris of Cohen Financial, a division of SunTrust Bank, to secure acquisition financing with LoanCore Capital LLC. Joe Karmin, Justin Lerner and Ross Lehrman of Transwestern will market the property for lease on behalf of the new owner, Los Angeles-based Dos Lagos Asset LLC. Zach Kitkowski and Gia Dato of Transwestern will provide property management services.