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Lee & Associates Illinois Closes $7 Million Industrial Sale

Michael Plumb of the Illinois office represented the buyer in the transaction

 
 
2230 Ridge Drive
2230 Ridge Drive
PRLog - Nov. 6, 2012 - TORRANCE, Calif. -- Lee & Associates, one of the largest and fastest growing full-service national commercial real estate providers, has closed a $7 million industrial sale at 2230-2300 Ridge Drive in Glenview, Ill.

Vice President Michael Plumb of Lee & Associates’ Illinois office represented the buyer, BVI Holdings LLC. The seller, Millennium LLC, was represented by Sam Badger, Whit Heitman, and Brad Weiner of Paine/Wetzel.

According to Plumb, the buyer’s affiliated company, Bestview International, intends to relocate its North American headquarters into the 78,803-square-foot facility. “This sale transaction marks the continued trend of absorption of Class A industrial space in light of the high demand for core product throughout Chicagoland.”

Built in 2000, the 3-unit 60-percent leased property’s current tenants include Andersen Windows and Design Craft.

About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at http://www.lee-associates.com.

Photo:
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Source:The Hoyt Organization
Phone:310-373-0103
Zip:90505
City/Town:Torrance - California - United States
Industry:Real Estate
Tags:Michael Plumb, illinois, commercial real estate
Shortcut:prlog.org/12017304
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