Allen Mills Of NexGen Manufacturing Acquires Industrial Building In Belvidere For 131811 SF

NexGen Manufacturing acquired an industrial property located at 2964 Newburg Road in Belvidere, IL. The asset spans 131,811 square feet and sits on 27.8 acres, contributing significantly to the industrial market in the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Square Footage: 131,811 SF
• Acres: 27.8
• Market: Belvidere
• Buyer: Allen Mills - NexGen Manufacturing
• Seller: 2964 Newburg Road, LLC
• Buyer's Representative: Jeffrey (Jeff) Galante - Lee & Associates
• Seller's Representative: Al Caruana - Cushman & Wakefield

This transaction was notable as it represented the largest user sale in Rockford’s submarket during the third quarter of 2025, highlighting the ongoing interest and activity within the industrial real estate sector.