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ELGIN, IL-A 134,415-sf building southeast of the Northwest Tollway interchange at Randall Road has been acquired for nearly $8.7 million by Naples, FL-based National Equity Trust, which inherits a lease with 21-year tenant AMTEC Precision Products, Inc. The tenant had another five years remaining on its lease with Bradley Associates, which sold the building in just 30 days.

“Excellent location, strong pricing and a well managed building made for a speedy transaction,” says CB Richard Ellis senior vice president Robert Brennan, who represented Bradley Associates with Andrew Sandquist. “The single-tenant net leased building market is and will continue to be lucrative for buyers and sellers.”

National Equity Trust’s holdings include a 202,000-sf building at 1800 Bruning Drive West in Itasca leased to Oce-USA, Inc.; a 137,607-sf building at 321 Foster Ave. in Wood Dale leased to TriMas; and four buildings totaling 40,000 sf in Oak Forest leased to Allied Building Products.

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