The building generated interest from multiple bidders, reports Sperry Van Ness broker Ray Zabielski, who represented High Technology Inc. The property at 11824 Southwest Hwy., near Palos Hospital, was 95% leased at the time of the sale, Zabielski says, and Vision Realty Partners has hired Dan Development Ltd. to market the remaining space at $25 per sf.
Vacancy in this southwest suburb is less than 4%, brokers report.
"The buyer, a Chicago area investment group looking to expand its investments into the medical field, was able to secure an excellent property with good cash flow at an attractive price," Zabielski adds.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
