Brown Commercial brokers Chicago industrial sale

Oct. 15, 2024 — Brown Commercial Broker Luke Dummitt represented the buyer, Acevision, in a Chicago industrial sale in the western suburbs. According to this Illinois Real Estate Journal story, the 18,500-square-foot building is at 155-179 Oswalt Ave. in Batavia, Illinois.

Acevision is an ultrasound sales, parts and repair business for hospitals, doctor’s offices and other providers. The company has been in business for more than 35 years and was previously based in St. Charles, Illinois. The seller, Robart Manufacturing, has had a long-term business relationship with Brown Commercial and was represented in this transaction by Managing Partner Dan Brown, SIOR.

Dummitt also represented the seller in a move to a 2,685-square-foot space at 39W963 Midan Dr., Unit 2 in Elburn, Illinois.

According to CoStar, the Chicago industrial sale market remains resilient, with many small to mid-sized companies focused on buying facilities as their businesses grow. Overall, Chicago’s industrial market continues to experience solid demand metrics given its proximity to growing population centers and multiple transportation arteries.