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

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SOLD
Al Caruana
Jeffrey (Jeff) Galante

Illinois

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Industrial131,811 SF
Sold 09/29/2025
the dealplayerscompscontact
Property Image
SOLD

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

2964 Newburg Road

See Similar Deals
Industrial131,811 SF
Sold 09/29/2025
Al Caruana
Jeffrey (Jeff) Galante
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:131,811 SF
Transaction Type:Sale

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.

Players

Al Caruana
Cushman & Wakefield
Al Caruana
4 deals$17M volume
BROKER
Jeffrey (Jeff) Galante
Lee & Associates
Jeffrey Galante
16 deals$19.6M volume(630) 363-7605
BROKER
Lee & Associates
Lee & Associates
BROKERAGE
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Jeffrey Galante, Allen Mills & Al Caruana DATE: 09/29/2025 ADDRESS: 2964 Newburg Road MARKET: Belvidere ASSET TYPE: Industrial ~ SF: 131,811 ~ ACRES: 27.8 BUYER: Allen Mills - NexGen Manufacturing SELLER: 2964 Newburg Road, LLC BUYER'S REP: Jeffrey (Jeff) Galante - Lee & Associates (@LeeAssociatesRE) SELLER'S REP: Al Caruana - Cushman & Wakefield (@CushWake) NOTE: NexGen Manufacturing purchased a 131,811-square-foot industrial building on 27.8 acres at 2964 Newburg Road in Belvidere, IL. The deal, brokered by Lee & Associates and Cushman & Wakefield, was the largest user sale in Rockford’s submarket in Q3.

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