"Oakton Distributors is a rapidly expanding firm that required additional space to accommodate their increasing growth," explains Colliers Bennett & Kahnweiler Inc. president and CEO David R. Kahnweiler, SIOR, who represented both parties in the deal. "We recognized the importance of finding a space within a geographic radius that was beneficial to servicing their Midwestern clientele."
Property records also indicate Oakton Distributors swung the deal with Fidelity Container with a $2.9-million mortgage from LaSalle National Bank at 7.51% interest. The property at 125 E. Oakton St. traded about 10% higher than the market value placed on it by the Cook County assessor's office.
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