The 16-member partnership that sold the 41-year-old building wasaffiliated with HSA Commercial Real Estate, whose executive vicepresident and managing director, Tim Thompson, brokered the sale.The acquisition was financed by First American Bank, according toproperty records.
While the local industrial market is described as "spotty" byCenterPoint Properties Trust co-chairman and chief executiveofficer John S. Gates, the O'Hare submarket remains among the morerobust. "Elk Grove Village is doing very well these days," saysGates at RealShare Chicago.
Centex Industrial Park is immediately west of O'HareInternational Airport, where runway configuration is displacingindustrial users and tenants.
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