Brown Commercial closes 3 industrial deals

Sept. 30, 2024 — Brown Commercial Broker Candace Scurto negotiated three industrial deals totaling 23,416 square feet in the Chicago market. Scurto represented the seller of a 16,766-square-foot building at 825 Chase Avenue in Elk Grove Village, IL, in the O’Hare submarket. The seller was a private investor who wanted to take advantage of the strong industrial sales market. According to the Illinois Real Estate Journal, the building lacks tall ceilings and other modern features some tenants prefer.

The buyer will be using the space for its automatic ceramic coating and paint protection business.

Scurto also negotiated two other industrial deals, including the acquisition of a 5,000-square-foot industrial unit at 188-190 Seegers Ave. in Elk Grove Village, IL. OVN Logistics had been leasing industrial space and spent more than a year looking for a new location for its trucking business. Brown Commercial Group President Dan Brown represented the owner, a private investor.

The third transaction was a 1,650-square-foot lease at 1532 E. Algonquin Road in Arlington Heights, IL that will support Aon Heating and Cooling in expanding its industrial space. Scurto represented the landlord and tenant, negotiating a favorable transaction for both sides.