{"id":1004209962,"date":"2018-03-13T09:05:53","date_gmt":"2018-03-13T17:05:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209962"},"modified":"2022-12-08T14:15:21","modified_gmt":"2022-12-08T22:15:21","slug":"brown-commercial-arranges-sale-of-3-chicago-industrial-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/","title":{"rendered":"Brown Commercial Arranges Sale of 3 Chicago Industrial Assets"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004209989\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209989\" data-attachment-id=\"1004209989\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/300-338-arrowhead-gilberts\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\" data-orig-size=\"800,620\" 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;1&quot;}\" data-image-title=\"300-338 Arrowhead Gilberts\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;300-338 Arrowhead Drive, Gilberts, Ill. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg?w=800\" class=\"wp-image-1004209989 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\" alt=\"300-338 Arrowhead Drive, Gilberts, Ill. \" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209989\" class=\"wp-caption-text\">300-338 Arrowhead Drive, Gilberts, Ill.<\/p><\/div>\n<p>Brown Commercial Group has negotiated the sale of three <a href=\"https:\/\/www.commercialsearch.com\/news\/ridge-completes-sells-chicago-industrial-building\/\">industrial assets in suburban Chicago<\/a>. President Dan Brown was the sole broker for each deal, which Gilberts and Groves LLC purchased for a total of $7 million.\u00a0\u00a0<\/p>\n<p>One of the buildings is located at 300-338 Arrowhead Drive in Gilberts, Ill. The facility comprises 24,400 square feet and offers six units, each with about 3,000 square feet of outdoor storage space.<\/p>\n<p>The other two properties are located at 1340-1400 Higgins Road and 1425-1455 Tonne Road in Elk Grove Village, Ill. The Higgins asset features 61,515 square feet\u00a0encompassing four units. Northern Glass was the previous owner and has signed a long-term lease to continue occupying 30,000 square feet in the building. A total of 27,000 square feet of office space is also included. The Tonne property is a multi-tenant building housing 10 units and totaling 51,000 square feet.\u00a0<\/p>\n<p><em>\u201cIn today\u2019s tightening industrial market, there is a shortage of mid-sized suburban buildings for sale,\u201d<\/em> said Brown, in a prepared statement. <em>\u201cWe were able to identify three buildings that fit the investor\u2019s goals for income generation and long-term growth potential.\u201d<\/em><\/p>\n<p><em>Image courtesy of Brown Commercial Group\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gilberts and Groves LLC purchased the properties, totaling 136,000 square feet, for $7 million. Two of the assets are in Elk Grove Village and the other is situated in Gilberts. <\/p>\n","protected":false},"author":746,"featured_media":1004209989,"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":[39302],"class_list":["post-1004209962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-midwest","category-latest","tag-brown-commercial-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brown Commercial Arranges Sale of 3 Chicago Industrial Assets - 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\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brown Commercial Arranges Sale of 3 Chicago Industrial Assets\" \/>\n<meta property=\"og:description\" content=\"Gilberts and Groves LLC purchased the properties, totaling 136,000 square feet, for $7 million. Two of the assets are in Elk Grove Village and the other is situated in Gilberts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/\" \/>\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=\"2018-03-13T17:05:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:15:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/\",\"name\":\"Brown Commercial Arranges Sale of 3 Chicago Industrial Assets - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\",\"datePublished\":\"2018-03-13T17:05:53+00:00\",\"dateModified\":\"2022-12-08T22:15:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/300-338-Arrowhead-Gilberts.jpg\",\"width\":800,\"height\":620,\"caption\":\"300-338 Arrowhead Drive, Gilberts, Ill.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brown-commercial-arranges-sale-of-3-chicago-industrial-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brown Commercial Arranges Sale of 3 Chicago Industrial Assets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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