Stone Boutique LLC Acquires Industrial Building In Elk Grove Village For $5.7 Million

The transaction involved the sale of an industrial building located at 1400 Greenleaf Avenue in Elk Grove Village, Illinois. The property spans 56,500 square feet and sold for $5,700,000, translating to a price per square foot of $101 in the Elk Grove Village market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,700,000
• Buyer: Stone Boutique LLC
• Seller: Ideal Property Investments, LLC
• Buyer’s Representative: Jeffrey Provenza - Lee & Associates
• Seller’s Representatives: Paddy Dwyer, Joe Bronson & Patrick Clifford - NAI Hiffman
• Square Footage: 56,500
• Price per Square Foot: $101

The property transaction involved Stone Boutique LLC as the buyer, represented by Jeffrey Provenza from Lee & Associates. The seller, Ideal Property Investments, LLC, was represented by a team from NAI Hiffman, which included Paddy Dwyer, Joe Bronson, and Patrick Clifford.