Cawley Commercial Real Estate is pleased to announce the successful closing of 1001 Fargo Avenue in Elk Grove Village. The Cawley Industrial team consisting of Principal Andrew Maletich, Vice President Matt Garland and Associate Dustin Albers recently brokered the sale of this 31,059 square foot, free-standing warehouse facility located in Chicago’s O’Hare submarket. The Cawley Commercial Real Estate team represented the seller, HAK Management in this transaction.
“This was a great deal for our client. We represented them in the purchase of this property two years ago to fulfill their growing e-commerce business and now sold the property for over 15% more than they originally purchased it for. It really shows the strength of infill markets, like O’Hare and how prices for well situated industrial properties in these locations continue to increase in value,” Maletich said.
The buyer was represented by Trinity Scurto from Brown Commercial.