Although the purchase price was not disclosed, the property had been on the market at $1.5 million. In addition to the building 100% leased by the soft drink company for its north region distribution center, the deal includes 4.5 acres.
The CB Richard Ellis team of Ted Buenger and Keith Puritz handled the deal for Pepsi-Cola. For Buenger, it was his second recent Lake County deal to an Oak Brook buyer. He brokered a $550,000 sale of a 10,700-sf store at 780 Lakehurst Rd. in neighboring Waukegan to The Shaw Co., which is redeveloping Lakehurst Mall. The building was sold by Pier 1 Imports, which had a store there.
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