Exeter Property Group Buys Industrial Asset In Buffalo Grove For 180,766 SF

The industrial portfolio consists of two fully leased buildings totaling 180,766 square feet in Covington Corporate Center at 951 and 1001-1011 Commerce Court in Buffalo Grove, IL. 951 Commerce Court is a 95,810-square-foot single-tenant building leased to Veritas Document Solutions, while 1001-1011 Commerce Court is an 84,956-square-foot multi-tenant building housing five tenants.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Disclosed
• Address: 951 Commerce Ct, Buffalo Grove, IL
• Market: Buffalo Grove
• Seller's Rep: Kurt Sarbaugh(JLL), Robin Stolberg(JLL), Sam Berry()
• Buyer: Exeter Property Group
• SF: 180766

The sale of the industrial portfolio was facilitated by Holliday Fenoglio Fowler, L.P. (HFF). The seller was represented by the HFF team led by senior directors Robin Stolberg and Kurt Sarbaugh, along with analyst Sam Berry. Exeter Property Group emerged as the buyer, acquiring the portfolio housed in the prime commercial location of Lake County, Chicago.