Avison Young negotiates the sale of multi-tenant industrial buildingJune 28, 2022
Chicago, IL– Avison Young today announced that it has negotiated the sale of a 17,000 square-foot multi-tenant industrial building at 3300-3306 N Knox Avenue in Chicago, IL.
Avison Young Principal, Steven Kohn, SIOR, based in the firm’s Chicago office represented the undisclosed seller, a local industrialist.
The buyer was Adam Moschin of MoRE Properties Group. MoRE Properties is also planning to upgrade the property with updates to the exterior.
“The seller kept the property leased for more than a decade,” Kohn said. “The buyer also saw the longevity and potential of the property on Knox Avenue because of the crucial Industrial Corridor on the Northwest Side of Chicago. The access to the highway system and the energetic labor make it increasingly popular to a wide range of users in this area.”
The property currently has tenants ranging from a commercial cleaning service, cable TV installation company, and a brewery.
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 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.
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For more information:
- Download property photo: 3300-3306 N Knox Avenue
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380
- Steven Kohn, SIOR, Principal, Chicago: +1.847.849.1912