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Steve Panko's 2625 Butterfield LLC Acquires Industrial Asset From Pillar Properties In Oak Brook

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SOLD

Illinois

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Industrial214,000 SF
Sold 04/25/2025
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Property Image
SOLD

Steve Panko's 2625 Butterfield LLC Acquires Industrial Asset From Pillar Properties In Oak Brook

2625 Butterfield Road

See Similar Deals
Industrial214,000 SF
Sold 04/25/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:214,000 SF
Transaction Type:Sale

Chicago-based 2625 Butterfield LLC acquired a 214,000 square foot industrial building located at 2625 Butterfield Road in Oak Brook. The transaction involves an asset that is currently 82% leased and will undergo HVAC upgrades, with considerations for potential retail redevelopment.

Summary of transaction details:

Matthew Tarshis from Frontline Real Estate Partners represented the deal, facilitating the transaction between the buyer, 2625 Butterfield LLC, and seller, Pillar Properties LLC. CBRE has been selected for leasing efforts post-acquisition.

Players

Matthew Tarshis
Frontline Real Estate Partners
Matthew Tarshis
6 deals$29.3M volume(847) 542-9058
BROKER

Details

SOLD
IMAGE: Matthew Tarshis DATE: 04/25/2025 ADDRESS: 2625 Butterfield Road MARKET: Oak Brook ASSET TYPE: Industrial ~ SF: 214,000 BUYER: Steve Panko - 2625 Butterfield LLC SELLER: Pillar Properties LLC BROKER: Matthew Tarshis - Frontline Real Estate Partners NOTE: Chicago-based 2625 Butterfield LLC acquired a 214K SF office building at 2625 Butterfield Rd in Oak Brook from Pillar Properties in a March 25 deal. The 82% leased asset will receive HVAC upgrades, with CBRE tapped for leasing and potential retail redevelopment under consideration.

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