Inland Real Estate Commercial Brokerage, Inc. Closes $2.4 Million Sale of Historic Industrial Property in Elgin
Nancy Gofis
Inland CommunicationsOak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the sale of a $2.4 million industrial property in Elgin, Illinois. Paul Montes and Eric Spiess, senior vice presidents of Inland Commercial Brokerage, represented the seller.
The historic 100-year-old property located at 667 North State Street is approximately 86,500 square feet and sits on over four acres of land. Situated close to the intersection of Schiller Street and State Street, the site has great visibility, provides convenient access to the interstate and is close to a number of area manufacturing businesses.
“After a successful business run of nearly four decades, the sellers decided to divest and look toward new opportunities,” commented Montes. “The buyer of the property was drawn to the building’s high-quality construction and original details, which are not often seen in new construction.”
Linda Kost of Realty Metrix Commercial represented the purchaser, Anguleris Holdings, LLC (“Anguleris”), a global construction technology company.
This location will serve as the company’s flagship for Anguleris’ brand Swatchbox®, a sample fulfillment platform connecting building professionals with building product manufacturers. Anguleris is an architect-owned company, and this is their second major property renovation in Elgin, Illinois. Their headquarters is located at 68 South Grove Avenue.
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About Inland Real Estate Commercial Brokerage, Inc.
Inland Real Estate Commercial Brokerage, Inc. (“IRECB”) is a boutique brokerage firm providing real estate solutions for sales and exchanges for private, public and institutional owners/managers of commercial investment real estate. IRECB is part of The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and finance groups, which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof. Throughout Inland’s history, its various brokerage entities have closed on more than $1.3 billion including 8,700 multifamily apartments and 140 million square feet of commercial real estate. For more information about IRECB, please visit www.inlandbrokerage.com.