JCG Industries acquired the 30,700-sf building on 2.4 acres at 2055 N. 25th Ave. in nearby Melrose Park for $850,000 from CSM Mechanical Co.
Navigator Development's was aided by a $550,000 loan from NLSB Bank at 4.25%, according to property records. The same bank recently provided financing for an $860,000 acquisition of 4750 Ronald St. in Harwood Heights.
NAI Hiffman EVP John F. Cash, VP John P. McGuinnis and senior associate Benjamin J. Cremer represented Borden Inc.
McGuinnis also represented CSM Mechanical Co. in negotiations with Grubb & Ellis Co. senior associate Lawrence Goldwasser.
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