Holian Industries Acquires Industrial Properties From Iwema Excavating And Globe City Partners In Chicago

The property involved in this transaction includes two industrial assets located in Cicero and Chicago, IL. The first asset spans 20,670 square feet and includes a 15,170-square-foot industrial building situated on 2.17 acres at 3840 South Laramie Avenue in Cicero, while the second asset is a 5,500-square-foot property at 221 North Laflin Street in Chicago. Iwema Excavating sold the property at 3840 South Laramie, and Globe City Partners sold the property at 221 North Laflin.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Holian Industries
• Seller: Iwema Excavating; Globe City Partners
• Address: 3840 South Laramie Avenue, Cicero, IL; 221 North Laflin Street, Chicago, IL
• Market: Cicero & Chicago, IL
• Square Footage: 20,670

This transaction was brokered by multiple agents from Lee & Associates and Luri Properties. Dylan Maher, Brian Vanosky, and Michael O’Leary represented Iwema Excavating, while Sean Austin represented Holian Industries. Additionally, Roger Luri of Luri Properties represented Globe City Partners during the sale.