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October 2008

NAI HIFFMAN BROKERS SALE OF 111,355-SQUARE-FOOT INDUSTRIAL FACILITY

naihiff_algonquinindust_webARLINGTON HEIGHTS, ILL. — Chicago-based NAI Hiffman has brokered the sale of a flex building located at 545 Algonquin in Arlington Heights. The 111,355-square-foot facility was 80 percent leased at the time of closing, which reflected a recent expansion by anchor tenant Intertek. A private Chicago/Minneapolis-based investor has acquired the industrial property from ACG Management for an undisclosed amount. Art Burrows and John Bullen of NAI Hiffman’s Investment Services Group represented the seller in the transaction. The buyer negotiated the acquisition in-house.
Source: REBusinessOnline.com

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