Michael McFarland And Thomas Homco Acquire Industrial Asset In Lake Zurich For $25.5M

The industrial property located at 1275 Ensell Road in Lake Zurich has been sold for $25,500,000. The asset spans approximately 210,000 square feet, resulting in a price per square foot of $121.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Address: 1275 Ensell Road
• Market: Lake Zurich
• Square Footage: 210,000
• Price Per Square Foot: $121
• Buyer: Michael McFarland & Thomas Homco
• Seller: Jim Schultz - JGS Lake Zurich
• Brokers: Paul Cawthon & Angelo Labriola - SVN
• Buyer's Representative: Lyman Phillips & Jeff Feldman - Golden Lion Capital

The transaction involved key representatives including Paul Cawthon and Angelo Labriola from SVN, who brokered the deal. The buyers were represented by Lyman Phillips and Jeff Feldman from Golden Lion Capital, ensuring a successful acquisition process for the new owners.