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Deal constitutes largest user transaction in DuPage County submarket so far this year
CHICAGO, May 7, 2013 — Jones Lang LaSalle announced today that the team of Dominic Carbonari and Frank Griffin recently represented Holland Stream, LLC, in the sale of a 329,732-square-foot warehouse in west-suburban Carol Stream.
The buyer, The Frain Group, Inc., North America’s largest dealer of used manufacturing and processing equipment, plans to relocate its operations into the building later this year. The company was represented by Larry Goldwasser and Jay Maher of Cushman & Wakefield.
The deal, which was completed earlier this month, is the largest user transaction in the DuPage County industrial submarket so far this year, according to Jones Lang LaSalle Research.
The building, which is sited on 31.5 acres at 245 E. North Avenue, includes a 36,800-square-foot office, 26 dock doors and four drive-in doors.About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.
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