X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BELLWOOD, IL-A 52,213-sf building at 1023 Cernan Dr. here has been sold for $910,000, according to property tax records, while 10,000 sf has been leased at Armitage Place, 1301 W. Armitage Ave. in the neighboring western suburb of Melrose Park. Both deals were handled by NAI Hiffman’s industrial brokerage group.

Family Properties, Inc. bought the building in Bellwood, which is 100%-leased by Chicago Locker Co. NAI Hiffman associate Stephen J. Connolly and vice president Lawrence R. Much, SIOR represented the seller, Fiore Furniture, Inc., while Paine Wetzel Associates Inc./ONCOR International principal Edward C. Wabick represented Family Properties.

First-run movie distributor E.T.S. Direct leased the 10,000 sf in Melrose Park was represented by Minneapolis-based NAI Welsh Companies, Inc. vice president Brad Bohlman. Building owner Scarlato & Sons of Bellwood was represented by Richard A. Battaglia of Oak Park, IL-based David King & Associates.

In an unrelated transaction on Chicago’s North Side, the city’s department of revenue leased 34,000 sf from MEI Realty, Inc., owner of a building at 2735 N. Ashland Ave. Connolly and vice president Robin Peck represented MEI Realty.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.