NorthMarq Gets $10M for N. Sub. Industrial

CHICAGO—The Chicago industrial market has seen a lot of activity lately, and has also succeeded in attracting the interest of coastal investors. Officials from NorthMarq Capital’s New Jersey regional office, for example, say they closed on $10.2 million in financing for the acquisition of 1500 Harris Rd. at the Liberty Point Corporate Center in north suburban Libertyville.

The 217,620-square-foot class A single tenant warehouse and distribution center was purchased by the New Jersey-based Silverman Group in late January 2013. Built in 2008, the building has 30′ clear height, while many distribution facilities in the submarket only have 22 or lower. Culligan International Company, a provider of water treatment and softener solutions, signed a ten-year lease for the facility in 2012.