Avison Young news: Find out the latest industry happenings
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young brokers sale of 70,625 square-foot building on behalf of local nonprofitFebruary 14, 2022
Demand continues to grow in the Lake County submarket
Chicago, IL– Avison Young announced today that it has negotiated the sale of 70,625 square -feet (sf) of industrial space on behalf of Aspire Illinois located at 3441 Sheridan Road in Zion, IL.
Aspire Illinois, the seller, was represented by Avison Young’s John Hauser, Bruce Hopple, Chad Bermingham, all based in the firm’s Chicago office. The non-profit has worked with Avison Young on other real estate assignments as well.
“This ideal location provides excellent access to Chicago’s expansive infrastructure, as well as proximity to the booming Southern Wisconsin submarket,” said Hauser. “With continued demand across Lake County, vacancy is currently at 6.4% at the beginning of the first quarter in 2022. This is a primary location for positive traffic for the undisclosed buyer,” said Bermingham.
Founded in 1960, Aspire is a recognized in Illinois and Wisconsin as a leading provider of programs and services that empower people with disabilities and inspiring inclusive communities. Aspire serves nearly 1,000 people every year, focused on more independent living and career building. Aspire also helps businesses create more inclusive workplaces through DEI consulting.
“We knew we needed a new space that has the potential to bring the entire community together and to inspire others to collaborate with us even more,” said Jim Kales, Aspire President and CEO. “Now we’ll be able to employ more people and host more volunteers, build an art gallery, and pods for employment training, fitness, and healthy food prep.”
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada' s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.
For more information:
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380