Pablo Barreiro Of FORTEC Acquires Industrial Asset In Vernon Hills For $1.7M

The property involved in this transaction is a former ambulance warehouse located at 401 Sullivan Drive, Vernon Hills, IL, which spans 15,040 square feet. The sale price was $1,700,000, resulting in a price per square foot of $113.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,700,000
• Address: 401 Sullivan Drive
• Market: Vernon Hills
• Square Footage: 15,040
• Price Per Square Foot: $113
• Buyer: Pablo Barreiro - FORTEC
• Broker: Milo Spector - NorthMarq

Fortec is planning a redevelopment of the acquired property into The Nest School-Vernon Hills as part of a $5 million project expected to launch in spring 2026. This marks Fortec's fourth lease agreement with The Nest Schools, which operates over 50 early education locations.