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May 2018

Joe Bronson facilitates Midwest Industrial portfolio sale

NAI Hiffman is proud to announce that Midwest Industrial Funds recently closed on the first phase of a three‐building, $21 million sale to Plymouth Industrial REIT.

The first phase included over 280,000 square-feet between the two locations; 3 W. College Drive in Arlington Heights and 1600 Fleetwood in Elgin. 3 W. College was leased to Arrows‐Up, a provider of specialized delivery solutions for the oil and fracking industries, and 1600 Fleetwood was leased to Stamar Packaging, a leading distributor of packaging, shipping and industrial supplies.

NAI Hiffman Executive Vice President Joe Bronson and Lee & Associate’s Michael Androwich, Jr. were the local leasing specialists on 1600 Fleetwood and 3 W. College, respectively, who helped facilitate the sale with CBRE and Midwest Industrial. Mike Caprile and his CBRE national partners investment team represented Midwest Industrial on the sale.

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