Podolsky|Circle Completes Sale of Rarely Available North Shore Warehouse
Podolsky|Circle CORFAC International has announced the completion of the sale transaction of a 25,000 square-foot industrial building located at 1885 Holste Road in Northbrook, IL. Corey B. Chase, a Principal with the firm, represented the Seller, Pappas Real Properties, in the transaction.
The vacant building sits on 2.5 acres of land which also has frontage on the property’s south border, at 1870 Old Willow Road. The site is extremely well located with easy access to multiple highways and O’Hare Airport, as well as an abundance of retail and restaurants including The Glen Town Center. Although the building features amenities such as heavy power and both a recessed dock and a drive-in door, it is also old and in need of repair.
“The buyer plans to spin off the vacant land and sell it to an investment group who will build a new state of the art sports facility on the site,” said Chase.
The purchaser was GK Holste LLC.