Lee & Associates, one of the largest national commercial real estate providers, has negotiated three sale transactions in the Fox Valley submarket.
Andrew Block, Executive Vice President, and Michael Plumb, Principal, represented HFI Manufacturing in its $7.3 million purchase of a 60,196-square-foot industrial property at 3925 Stern Avenue in St. Charles and the $4.3 million sale of its 48,130-square-foot building at 1100 Carolina Drive in West Chicago. HFI Manufacturing is in growth mode, which necessitated moving to a larger facility for its stainless-steel manufacturing operations. The buyer of 1100 Carolina was Paclantic Naturals, LLC.
Block partnered with Nick Eboli, Principal, to represent Eaglestone in the sale of a 19,888-square-foot property at 3705 Swenson Avenue in St. Charles. A private buyer closed on the $2.1 million transaction on October 2, 2023. Eaglestone, an industry leading manufacturer of conveyor systems for the food processing and packaging industries, has expanded its operations into a larger 85,000-square-foot facility at 1560 Frontenac Road in nearby Naperville, which Block and Eboli of Lee & Associates also helped them procure.
“Industrial inventory for sale in Chicagoland’s Fox Valley submarket remains very limited in supply with a vacancy rate of 3.6%, demonstrating the very real demand for industrial buildings for sale across all size ranges” said Block. “Representing a seller in this environment who is also relocating takes some strategic positioning on both ends of the transaction to assure a seamless transition for our clients,” he added.
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
