Meanwhile, another 33,724-sf warehouse and manufacturing asset at 1524 Davis Rd. sold for $1.25 million. Also, a 16,401-sf building at 1750 Todd Farm Dr. traded at slightly more than $1 million.
LaSalle Bank was involved in the financing Schaumburg-based Global Field Services' acquisition of 1875 Fox Lane while Parkway Bank & Trust provided a $1-million mortgage at 4.25% to help International Storage Properties buy 1524 Davis Rd., according to property records. Elgin State Bank financed Parr Electric's buy of 1750 Todd Farm Dr. with a $990,000 loan at 6.43%, according to property records.
Grubb & Ellis Co. senior vice presidents Bruce Granger and Brian Carroll represented Christopher Ahnen, who sold 1875 Fox Lane, as well as the property's new owners.
Granger and associate Lynne Endrody represented International Storage Properties as well as the seller, East Dundee-based Planned Development & Construction, Inc.
Paine/Wetzel · ONCOR International senior associate Dan Jones and associate Dan Benassi represented South Barrington-based Ashley LLC in negotiations with Mitchell Marconi of Epic/Savage.
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