Cawley Chicago announces the recent sale of a 49,418 square-foot building at 18410 Crossing Drive in Tinley Park, IL. Principal Rawly Lantz, SIOR and Senior Associate Justin Harris spearheaded a team in the innovative and visionary sale of this office to an industrial reuse facility. Cawley represented the private investor in the transaction. The buyer was a multi-national laboratory group, represented by a team at CBRE led by Ted Gates.
“To say that this is an ideal opportunity and location for a worldwide leader in its field is an understatement,” Lantz said.
“After working closely with the seller, a private local investor, we developed a plan that included foresight and capitalized on current market conditions. Evaluating the existing attributes of the vacant 33,301 SF, we proposed a marketing strategy whereby a new user could add industrial concepts including docks and drive doors. This strategy led to immediate interest, multiple offers, and a closed sale within 6 months’ time”. In addition to the work of Lantz and Harris, the team also included Cawley Chicago’s Industrial Brokerage Principal Joshua Hearne, SIOR and Vice President Reinier Pranger.
The single-story building built in 2001, sits on 3.63 acres of land, features 218 parking spaces, is heating and cooling temperature controlled, and offers 18’ clear height. 18410 Crossing Drive, Tinley Park, IL is located in Will County, approximately 30 miles outside of Chicago and is near major interstates, with close proximity to I-80 and a Metra Train Station.