Lakeview Bus Lines Leases
Niles Industrial Building
Podolsky|Circle Represents Owner in Transaction
Podolsky|Circle has completed a transaction on behalf of a family partnership for the lease of a 41,902 sq. ft. industrial building in Niles, IL. Principals Adam J. Tarantur, CCIM, and Steven H. Podolsky, SIOR, along with Associate Michael L. Hussey, announced the transaction. The property was leased to Lakeview Bus Lines, Inc.
Located at 6969 Austin Avenue, Niles, IL, the property was on market for less than a month. According to Hussey, the quick turnaround was due to a combination of Niles’ low vacancy and high demand for 15,000-45,000 sq. ft. spaces in the area.
In addition to the building, the property consists of a large paved and fenced yard and sits on a 2.14 acre site. The facility features three interior depressed docks, four drive-in doors and 16-foot-plus ceilings as well as parking for 47 cars with the capability for expansion.
Lakeview Bus Lines, Inc. provides bus services to local Chicago area communities, operating out of facilities located within each of those neighborhoods. The Niles facility will be used to accommodate the company’s expanding business in the surrounding area.