Lakeview Realty Investors Purchases Property From Opus Development Company For $8.9M In Romeoville

A closed sale transaction has occurred for an industrial building at 101 Paragon Dr, Romeoville, IL, 60446. The transaction was valued at $8,900,000.00 for a total area of 111,353 square feet in the Romeoville market.

Summary of transaction details:

• Property Type: Industrial Building
• Transaction Amount: $8,900,000.00
• Square Footage: 111,353
• Buyer: Lakeview Realty Investors
• Seller: Opus Development Company
• Buyer's Representative: Jeffrey (Jeff) Galante & Terry Grapenthin - Lee & Associates
• Seller's Representative: Cushman & Wakefield

This transaction was facilitated by Jeffrey (Jeff) Galante and Terry Grapenthin, who are principals at Lee & Associates’ Illinois office, representing the buyer, Lakeview Realty Investors. The seller, Opus Development Company, was represented by Cushman & Wakefield. The buyer plans to make modifications to the building to create 20-25,000 square foot units to meet a demand in the sub-market, according to comments from Grapenthin.