Jeff Reimer Of Paragon Micro Acquires Industrial Building In Buffalo Grove For $4.25M

The sale involves a 51,088-square-foot industrial building located at 901 Deerfield Parkway in Buffalo Grove, Illinois, which was sold for $4,250,000. The property was renovated in 2018 to support operations as a full-service IT solution provider.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,250,000
• Address: 901 Deerfield Parkway
• Market: Buffalo Grove
• Square Footage: 51,088
• Price Per Square Foot: $83
• Buyer: Jeff Reimer - Paragon Micro, Inc.
• Seller: Awaken CTTE, LLC
• Buyer's Representative: Tom Boyle - Lee & Associates
• Seller's Representative: Rick Hiton - Hiton & Associates

Tom Boyle from Lee & Associates represented the buyer, Paragon Micro, Inc., while Rick Hiton from Hiton & Associates represented the seller, Awaken CTTE, LLC, ensuring the transaction was finalized effectively. The acquisition will enhance Paragon Micro's operational capabilities within the IT solutions sector.