suburban office transactions<\/a> outside Chicago. The first involved the $3.6 million sale of an office building in Lombard, Ill. The other two deals were leases, one for Joseph T. Ryerson & Son Inc.\u2019s single-tenant lease in Lisle, Ill., and the other a new lease for LexRay in Downers Grove, Ill.<\/p>\nThe three-story building in Lombard, located at 55 W. 22nd St., contains 50,963 square feet of office space and is 99 percent leased to a mix of tenants. RCM Industries, a locally based aluminum casting company, traded the property to a private investor who financed the acquisition with a $2.6 million mortgage held by Crystal Lake Bank & Trust. NAI Hiffman\u2019s Art Burrows and Adam Johnson represented the seller in the transaction. The building was constructed in 1979 and previously sold for $4.4 million in 2002, according to public records.<\/p>\n
In a separate transaction, Joseph T. Ryerson & Co. extended its full-building, 53,982-square-foot lease at 1050 Warrenville Road in Lisle. The firm operates a regional sales office out of the structure. Built in the 1980s, previous owner Brandywine Realty Trust sold the asset to Winthrop Realty Trust and Marc Realty in 2006 for $3.5 million, according to Yardi Matrix data. Winthrop was represented in the leasing deal by Dan O\u2019Neill and Johnson of NAI Hiffman and CBRE\u2019s Jon Springer represented the tenant.<\/p>\n
The final deal involved a new lease for LexRay, a mobile operations platform provider, at a 23,562-square-foot office building in Downers Grove. Owned by American Community Management, the two-story mixed-tenant property was constructed in 1984 and last changed hands in 2011 for $2.4 million, according to DuPage County records. Johnson of NAI Hiffman represented the landlord, with Newmark Knight Frank\u2019s John Kinsella acting on LexRay\u2019s behalf.<\/p>\n
Images via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The deals include two leases and one sale in Chicago\u2019s East-West corridor, totaling more than 100,000 square feet in three different suburbs.<\/p>\n","protected":false},"author":861,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,13,21742,21747],"tags":[34672,32789,33414,36007,37016],"class_list":["post-1004204277","post","type-post","status-publish","format-standard","hentry","category-brokerage","category-chicago","category-deals","category-midwest","category-latest","category-office","tag-brandywine-realty-trust","tag-cbre","tag-nai-hiffman","tag-newmark-knight-frank","tag-winthrop-realty-trust"],"acf":[],"yoast_head":"\n
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