We are pleased to announce the addition of broker Dustin Albers to the Cawley Chicago Industrial Team. Dustin graduated from the University of Nebraska and brings his experience in sales to the commercial real estate industry.
Andrew Maletich, Principal at Cawley Chicago, represented a buyer who purchased a 31,059 square foot industrial building in Elk Grove Village, IL in February 2019. “The buyer had been looking to purchase a building for over a year and with limited supply in the market, it made for a very challenging find.
Cawley Chicago’s Jack Brennan and Daniel Cawley, SIOR complete two separate investments sales in January of 2019. The first transaction was the purchase of a two-building industrial portfolio totaling nearly 80,000 square feet of space in East Dundee, IL in which High Street Realty was brought in as the buyer. In the second transaction, Venture One Real Estate was brought in to purchase 179 Easy St in Carol Stream, a 16,072 square foot industrial building.
Established in 2017, opportunity zones were created to supply tax advantages for certain investments in lower income areas. To put in perspective the amount of opportunity zones in Chicago, there were roughly 500 census tracts eligible, but only 133 were approved (BisNow). In this particular article, the focus is placed on three areas in Chicago predicted to highly benefit as part of the opportunity zones, especially in the long term.