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ELGIN, IL-Local firm Capital Realty & Development has acquired a 42,486-sf warehouse in the Slough Business Center I. Chicago-based developer Slough Development got more than $4.2 million for the six-year-old asset at 2425 Alft Ln., property records indicate.

Capital Realty & Development intends to find tenants for the warehouse and manufacturing space, according to Grubb & Ellis Co. Senior vice president Bruce Granger and associate Lynne Endrody represented Capital Realty Development and its principal, Rich Turasky. Granger and Enrody are marketing space in the building, located on a three-acre site, at $6.75 per sf.

The Elgin-based company buys industrial and office properties, ranging from cash-flow-generating assets to speculative projects, doing deals in the range of $2 million to $30 million.

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