Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORTHBROOK, IL-A 16,165-sf industrial building in this north suburb, which had been taken back by LaSalle Bank in a 2002 foreclosure, has been sold for $8.5 million, according to property records. Service Envelope bought the building on a 1.04-acre site at 1925 Holste Rd.

HSA Commercial Real Estate EVP Tim Thompson represented Service Envelope, while Harley Korman of Korman/Lederer represented the seller.

In an unrelated deal in northwest suburban Elk Grove Village, a 15,000-sf, 30-year-old building at 2020 Lunt Ave. has been sold for $780,000 to mail-order pharmacy Drug Source Inc. A key consideration in the deal was the one-acre of paved property that came with the building, formerly owned by Balepo Associates.

Podolsky Northstar Realty Partners principal Steve Podolsky and sales associate Evan Nadler represented Balepo Associates. John Malidrino of Mercantile Realty Partners represented Drug Source Inc., whose clientele includes pharmacy benefit managers and human resource personnel.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.