Grubb & Ellis Co. recently brokered the sale of three office/industrial properties totaling approximately 565,769 square feet in suburban Chicago.
The value of the transaction was $23.5 million.
John B. Sanfilippo & Son Inc., a manufacturer of packaged and bulk snack-food products including the trade name Fisher Nuts, Texas Pride and Evon’s, sold the properties as part of its relocation into a new 1.1 million-square-foot office/industrial campus at 1707 Randall Road in nearby Elgin. Sanfilippo is utilizing its new campus for office/administration, production, warehouse and distribution.
ProLogis purchased the 26-acre portfolio, which is located within four buildings: 1717 Arthur Ave. and 2299 Busse Road in Elk Grove Village; 300 E. Touhy Ave. in Des Plaines; and 3001 Malmo Drive in Arlington Heights.
Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide.