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Newmark is pleased to announce that it recently represented property owner Tigerflex Corporation in the sale of 801 Estes Avenue in Elk Grove Village, Illinois. Newmark Senior Managing Directors Adam Marshall, SIOR, CCIM and Tatsuru Kono, along with Director Mark Deady, CCIM, oversaw the transaction of the 59,206-square-foot manufacturing facility. Diesel Radiator Company acquired the property for an undisclosed amount.
Located on three acres in the heart of the O’Hare market, 801 Estes Avenue features three interior docks, three drive-in doors, 18’ clear height, 47 car parking, and heavy power with onsite transformers. The facility has access to highly-skilled labor and is in close proximity to several expressways and O’Hare International Airport.
Cory Ramey and Shamus Conneely with john greene Industrial represented Diesel Radiator Company in the transaction.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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