NAI Hiffman Closes 3 Chicago-Area Office Transactions
ByNAI Hiffman has closed three different suburban office transactions 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.’s single-tenant lease in Lisle, Ill., and the other a new lease for LexRay in Downers Grove, Ill.
The 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’s 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…
