IBT Group LLC Acquires Industrial Property In Chicago For $8.25M

The industrial property located at 1334, 1330, and 1030 North Kostner Ave. in Chicago has been sold. The transaction took place on July 21, 2020. The property is spread across an area of 250,000 square feet and belongs to the industrial asset category. The sale price of the property was $8,250,000, resulting in a price per square foot of $33. The buyer of the property is IBT Group LLC. The deal was facilitated by brokers John McDermott, Amy Van Hook, Jennifer Hopkins, and Olivia Czyzynski from VN_PCG_Boston.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,250,000
• Address: 1334, 1330, and 1030 North Kostner Ave.
• Market: Chicago
• Square Footage: 250,000
• Buyer: IBT Group LLC
• Brokers: John McDermott, Amy Van Hook, Jennifer Hopkins, and Olivia Czyzynski from VN_PCG_Boston

The sale of the property at 1334, 1330, and 1030 North Kostner Ave. in Chicago was a significant transaction. The involvement of IBT Group LLC as the buyer demonstrates their interest in expanding their industrial assets portfolio. The deal was successfully executed with the professional assistance of brokers John McDermott, Amy Van Hook, Jennifer Hopkins, and Olivia Czyzynski, all representing VN_PCG_Boston. This transaction highlights the robust industrial real estate market in Chicago and the value of strategic acquisitions in this sector.