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.
The Cawley Chicago Office Team brings four new exclusive listings to the market, adding 200,232 square feet to its growing suburban portfolio. Arlington Green Offices, a 62,643 square foot, single story office building is located on Arlington Heights Road and has over 21,000 square feet of move in ready space available. Prairie Center Office Campus is a high profile, 3 building office complex located in West Chicago and offers future expansion opportunities.
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.
Oakbrook Terrace, Ill. (November 6, 2018)— The Cawley Chicago Office team continues to expand its capital markets expertise with three additional properties for sale located in the western suburbs.
The new listings offer a total of +170K SF available for sale. In Downers Grove, 1430 Branding Lane with a ±71,552 SF value add class B office building. Greenbriar Medical Office, a value-add medical office building located at 6800 Main Street in Downers Grove, which has been recently updated and is ±41,984 SF. 2021 Midwest Road, Oak Brook is a ±55,993 SF unique user opportunity in a tight submarket, which offers access to multiple amenities plus easy entrance to I-88, I-294, and I-355.
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Oakbrook Terrace, Ill. (October 22, 2018)— Cawley Chicago has facilitated twelve deals for over 65,000 square feet of in 2018. Located at the hub of commerce, transportation and entertainment, location is the cornerstone of O’Hare Offices, providing immediate access to Chicago O’Hare International Airport, Chicagoland’s expressway system and CTA services (all just 18 miles NW of downtown Chicago).