PW Commercial Real Estate – TCN Worldwide is pleased to announce Ed Wabick SIOR, and Marc Hale represented the Buyer in the disposition of a 24,000 SF Industrial building located minutes away from O’Hare International Airport at 1225 Arthur Avenue in Elk Grove Village.
The purchaser of the property was New Jersey-based food and beverage distributor Pocas International which will be utilizing this property as their new Midwest distribution center.
The purchaser will be completing interior improvements as well as an extensive exterior facelift. PW Commercial assisted the Buyer in assembling a team of experts that were able to help secure a property tax reduction for 12 years prior to the purchase of the property
“After an extensive search of several properties in multiple submarkets, we were able to work with our client in determining the best location for their new facility which ended up being Elk Grove Village. We were then able to find and agree to terms on a property that made sense, both logistically and financially. The cherry on top was being able to secure the 6B tax incentive before the purchase was finalized which is what pushed this sale over the finish line” stated Marc Hale, Vice President at PW Commercial Real Estate.
About PW Commercial Real Estate – TCN Worldwide
PW Commercial Real Estate TCN Worldwide is a corporate real estate firm headquartered in Chicago. Since 1975, PW brokers have specialized in the leasing and disposition of office and industrial properties. The firm offers specialists in investments, transactions, consulting, and project management who possess an unrivaled depth of local market knowledge, supported by the latest in technology. For more information, please visit www.painewetzel.com.¢¢¢