HFI Manufacturing Acquires Industrial Property In Saint Charles For $7.3M

An industrial property spanning 60,196 square feet located at 3925 Stern Avenue in Saint Charles was sold for $7,300,000. The transaction was facilitated by Andrew Block, Executive Vice President, and Michael Plumb, Principal, of Lee & Associates, representing the buyer, HFI Manufacturing.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,300,000
• Address: 3925 Stern Avenue
• Market: Saint Charles
• Square Footage: 60,196
• Buyer: HFI Manufacturing
• Brokers: Andrew Block & Michael Plumb - Lee & Associates

Andrew Block and Michael Plumb played crucial roles in the successful purchase of the industrial property, meeting HFI Manufacturing's expansion needs for its stainless-steel manufacturing operations. The deal underscores the buyer's strategic decision to invest in a property that aligns with its business growth requirements.