Investment Group Including Principals Of American Eagle Packaging Company Acquires Property In Zion

An 82,000-square-foot building located at 1700 Kiefer Drive in Zion, Illinois, has been sold as part of a multi-faceted transaction. The property's previous tenant, Kiefer Associates, agreed to an early termination of a long-term lease and entered a short-term master leaseback for part of the space. The property is situated in the Zion market.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: Not specified
• Address: 1700 Kiefer Dr, Zion, IL, 60099
• Market: Zion
• Seller's Representatives: Daniel Benassi - Entre Commercial Realty, Daniel T. Jones - Entre Commercial Realty
• Buyer: Investment Group which includes the Principals of American Eagle Packaging Company
• Seller: Not specified
• Square Footage: 82,000 SF

The transaction was facilitated by Entre Commercial Realty, with Dan Benassi, SIOR, Dan Jones, SIOR, and Sam Deihs acting as the sole brokers. The investment group, including principals from American Eagle Packaging Company, intends to occupy a portion of the facility and serve customers in far northern Illinois and Wisconsin. Additionally, the remaining building will be subdivided into three units, enhancing tenant spaces with upgraded office areas, dedicated truck loading sections, and white-boxed warehouse space.