The buyer, the Goldstein Family Partnership of north suburban Highland Park, will lease 403,326 sf back to Unilever Home & Personal Care U.S.A. to continue its manufacturing of beauty supplies on a short-term basis. Longer term, the partnership is looking for another single user or may subdivide the buildings that total 827,000 sf, according to CORFAC International, whose brokers in two offices put together the deal.
Brokers involved included Steven Podolsky, SIOR and Richard Levy, SIOR of Riverwoods-based Podolsky- Northstar Realty Partners, Inc., a CORFAC affiliate. Levy and Podolsky represented Unilever, which was referred to them by James Garibaldi and Joseph Garibaldi IV of The Garibaldi Group of Chatham, NJ.
Financing includes mortgages of $1.91 million from Brickyard Bank and $750,000 from Spalter Finance, according to property records.
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