Disposition of Property
Podolsky|Circle and Caton Commercial Real Estate Group Arrange Disposition of Bank Owned Property in Shorewood
Podolsky|Circle’s John R. Homsher, CCIM and Caton Commercial Real Estate Group’s Steve Caton have announced the sale of an 8,273 sq. ft. office/industrial condo in Shorewood.
Homsher, a Principal at Podolsky|Circle, and Caton, a Partner at Caton Commercial, co-brokered the transaction on behalf of the seller, a regional bank.
Homsher has represented the bank in multiple previous sales transactions throughout the Chicago market.
Located at 121-123 Capista Drive, Shorewood, IL, the 8,273 sf flex space includes approximately 2,000 sq. ft. of office. The corner unit in a 30,000 sq. ft. six unit condo building zoned for General Commercial use, the space also features two (2) drive-in doors, 23′ clear ceilings and 400 amps of power, as well as a kitchen and two bathrooms.
“Amenities such as open space and operable windows, as well as its proximity to I-55 and I-80, made this space an ideal location for the buyer,” explained Homsher.
The Purchaser was IST America – U.S. Operations, Inc., a subsidiary of Germany-based IST METZ.