Lee & Associates Sells S. Elgin Truck Terminal

Rosemont, IL. — July 10, 2023 — Lee & Associates, one of the largest national commercial real estate providers, negotiated the $2.7M sale of 21,627-SF truck maintenance facility located at 1790 Gilpen Avenue, South Elgin. The transaction closed on June 21, 2023.

Lee & Associates represented both the buyer and the seller. Kenneth Franzese and John Cassidy, Principals, represented the seller, Rock Investment Group, LLC. John M. Joyce, Senior Associate, represented the buyer, Nomad Investment Group, LLC. The building, featuring 20 drive-in doors and 1,904 square feet of office space, is an active terminal being used by the buyer.

“The transportation industry remains active in Chicago’s Northwest suburbs with Industrial Outside Storage (IOS) facilities in high demand,” said Cassidy. “The Gilpen property has the added benefit of well-located, most notably with immediate access to I-90.”

About Lee & Associates

Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.