NKF Closes 56,579 SF Industrial Lease With ECHO Incorporated In Wauconda

Located at 1275 Karl Ct, Wauconda, IL, 60084, the property involved in this lease transaction is an industrial asset with a square footage of 56,579. The high cube distribution facility was 100 percent net leased and was sold to One Liberty Properties. Newmark Knight Frank (NKF) represented the seller, a private investor, in the sale. The property was fully leased to ECHO Incorporated, a developer and manufacturer of professional grade handheld outdoor power equipment. The tenant's representative, Nicholas (Nick) Walby of Entre Commercial Realty LLC, facilitated the lease negotiations.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Tenant: ECHO Incorporated
• Landlord: Unknown

Adam Marshall, SIOR, CCIM, and Boris Shraybman, both of NKF’s Chicago capital markets team, played crucial roles in arranging the lease and sale of the property. The full-building lease to ECHO Incorporated provided investors with the opportunity to acquire a high cube distribution facility 100 percent net leased by a strong credit tenant. Additionally, Marshall and Shraybman also facilitated another industrial investment sale in the Chicagoland area, demonstrating their expertise in the real estate market.