SOLD: Flex-Industrial Portfolio

Lizzadro Real Estate, LLC and Greenstone Partners have teamed up to sell a three-building flex-industrial portfolio in the Chicago metropolitan area for $9.4 million. The properties are fully leased to 10 tenants from a wide range of industries, including healthcare, technology, marketing services, e-commerce, wholesale distribution, and custom design/build.

“In particular we were very impressed with their hands-on management and close-knit tenant relationships.” Jason St. John, Co-Founder & Managing Partner at Greenstone Partners.

The sale of the portfolio is a sign of the continued strong demand for flex-industrial space in the Chicago metropolitan area. Flex-industrial space is a type of commercial real estate that can be used for a variety of purposes, including manufacturing, warehousing, and retail. It is a popular choice for businesses because it offers flexibility and can be customized to meet the specific needs of the tenant.

The sale of the portfolio is also a sign of the increasing complexity of commercial real estate transactions. The portfolio includes a variety of uses, including warehouses, office, production, and distribution. The portfolio is leased to a variety of tenants, each with their own specific needs.

Lizzadro Real Estate and Greenstone Partners were able to successfully close the transaction due to their experience in navigating complex transactions and their close working relationships with both the owner and tenants.

“From beginning to end it was a great experience and pleasure working with Lizzadro Real Estate on the transaction,” said Jason St. John.