Crate & Barrel got $43 per sf for the industrial building at 725 Landwehr Rd., which the manufacturer of plastic model kits acquired with a $7.65-million loan from GE Capital, according to property records.
"It represents one of the largest industrial sale transactions in the northern suburbs in recent years," says Colliers Bennett & Kahnweiler Inc. president and CEO David R. Kahnweiler.
Chicago-based Imperial Realty Co. bought the Willow Hill Executive Center at 540-50 Frontage Rd. 70% leased. "This desirable property links Imperial's North Shore holdings with our Chicago and Cook County properties along the Edens Expressway," says Imperial Realty president Al Klairmont.
David A. Bercu, SIOR joined Kahnweiler in representing Crate & Barrel. Sara Feldman of Next Realty represented Revell Monogram.
The property, located near the I-294 interchanges at Willow and Lake-Cook roads, includes 64,000 sf of office space on two stories along with 27 feet of clear ceiling height and 26 docks.
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