South DuPage Industrial Assets Fetch $77 Per SF

WESTMONT, IL-Morgan Realty Partners senior vice president Bill Waliewski has hooked up with Tom Gearen and John O’Neil of Nicolson, Porter & List to sell two industrial properties in DuPage County for nearly $3 million. A 21,056-sf property at 2901 Centre Circle, in the Oak Grove Centre of Commerce in Downers Grove, sold for more than $1.5 million while a 16,003-sf building in the Madison Business Park in Willowbrook has been acquired by Wraparound, LLC for $1.3 million.

Morgan Realty Fund LLC, a joint venture between RREEF and Morgan Development Services, sold the Downers Grove property occupied by DHL Worldwide Express to M&H Partnership, according to property records. Oak Grove Centre of Commerce is located near the I-355 interchange at Butterfield Road. The eight-building Madison Business Park, near the I-55 interchange at Route 83, was developed by Morgan Development Services, LLC.