Newmark Knight Frank (NKF) has successfully arranged the sale of a 30,864-square-foot light manufacturing and warehouse property located at 1320 Holmes Road in Elgin, Illinois. Senior Managing Director Adam Marshall, SIOR, CCIM and Director Mark Deady, CCIM represented the seller, Reis Robotics USA, Inc. in the disposition.
A division of KUKA Industries, Reis Robotics hired NKF to sell its Elgin facility. The firm relocated to a nearby property earlier this year which provided more space efficiency and functionality for its operations. Seeking a larger space in the Northwest suburban market, the purchaser, Ultra Polishing, Inc. was drawn to the Holmes Road building’s functionality and location along I-90 and has plans to relocate its operations from Schaumburg. Rick Anesi of Lee & Associates represented the purchaser in this transaction.
“The Elgin/I-90 corridor benefits from strong user demand, great access to I-90 and a diverse labor pool. We are pleased to have assisted Reis Robotics in sourcing a buyer for this well-located industrial property,” said Marshall. “It’s an appealing building with crane infrastructure, interstate visibility and is ideally outfitted for turn-key use.”
1320 Holmes Road is situated on a 2.03-acre site and features 5,368 square feet of office space in addition to parking for 55 vehicles. Designated for light manufacturing and warehouse use, the property features one (1) exterior dock, two (2) drive-in doors, four (4) existing cranes, heavy power and 18’ to 24’ clear heights throughout the space.
About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. NKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
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