{"id":1004178250,"date":"2017-05-25T01:45:00","date_gmt":"2017-05-25T09:45:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178250"},"modified":"2022-12-08T17:03:55","modified_gmt":"2022-12-09T01:03:55","slug":"midwest-industrial-acquires-warehouse-plans-renovation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/midwest-industrial-acquires-warehouse-plans-renovation\/","title":{"rendered":"Midwest Industrial Acquires Warehouse, Plans Renovation"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004178251\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004178251\" data-attachment-id=\"1004178251\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/midwest-industrial-acquires-warehouse-plans-renovation\/12007-smith-drive-huntley-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"12007 Smith Drive, Huntley, Ill.\" data-image-description=\"&lt;p&gt;12007 Smith Drive, Huntley, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;12007 Smith Drive, Huntley, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png?w=800\" loading=\"lazy\" class=\"wp-image-1004178251 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png\" alt=\"12007 Smith Drive, Huntley, Ill.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004178251\" class=\"wp-caption-text\">12007 Smith Drive, Huntley, Ill.<\/p><\/div>\n<p>Midwest Industrial Funds is the new owner of a 71,000-square-foot industrial facility in Huntley, Ill., approximately 50 miles from Chicago. <a href=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-tapped-to-market-chicago-industrial-park\/\">Michael Magliano<\/a>, associate director with Cushman &amp; Wakefield closed the transaction on behalf of the seller, a private investor, while Dan Tobin, principal with CTK Chicago Partners, represented the buyer. The property was sold for an undisclosed price.<\/p>\n<p>Located at 12007 Smith Drive, the building\u00a0features 22-foot ceiling heights, eight exterior docks and a 60-vehicle parking lot. The property is currently fully leased by a single tenant, who uses it for storage and light manufacturing purposes. The lot encompasses an additional 3-acre site, which can be developed separately or used for expanding the existing facility. Midwest plans to upgrade the\u00a0fa\u00e7ade, install new windows, perform landscaping enhancements and some interior improvements.<\/p>\n<p>The warehouse is close to Interstate 90 and the\u00a0growing North Kane\/South McHenry submarket.<\/p>\n<p><em>Image via\u00a0Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 71,000-square-foot building is located in Huntley, Ill., and is fully leased by a single tenant. The site features an additional 3 acres which can be used for further development. <\/p>\n","protected":false},"author":30,"featured_media":1004178251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21748,13,21742],"tags":[35790,32799,35783],"class_list":["post-1004178250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-midwest","category-latest","tag-ctk-chicago-partners","tag-cushman-wakefield","tag-midwest-industrial-funds"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Midwest Industrial Acquires Warehouse, Plans Renovation - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/midwest-industrial-acquires-warehouse-plans-renovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midwest Industrial Acquires Warehouse, Plans Renovation\" \/>\n<meta property=\"og:description\" content=\"The 71,000-square-foot building is located in Huntley, Ill., and is fully leased by a single tenant. The site features an additional 3 acres which can be used for further development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/midwest-industrial-acquires-warehouse-plans-renovation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-25T09:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/12007-Smith-Drive-Huntley-Ill..png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-industrial-acquires-warehouse-plans-renovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-industrial-acquires-warehouse-plans-renovation\\\/\"},\"author\":{\"name\":\"Roxana Baiceanu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b9dffbe4e6d3437c6ee209677f7462f2\"},\"headline\":\"Midwest Industrial Acquires Warehouse, Plans Renovation\",\"datePublished\":\"2017-05-25T09:45:00+00:00\",\"dateModified\":\"2022-12-09T01:03:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-industrial-acquires-warehouse-plans-renovation\\\/\"},\"wordCount\":169,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-industrial-acquires-warehouse-plans-renovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/12007-Smith-Drive-Huntley-Ill..png\",\"keywords\":[\"CTK Chicago Partners\",\"Cushman &amp; 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