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Greystone Realty acquires 3 industrial properties.

Greystone Realty Corporation real estate investment advisors has acquired a portfolio of three new industrial buildings in the Metropolitan Chicago area. Terms of the transaction were not disclosed.

The buildings, which total 486,928 square feet, of bulk warehouse space, were developed and sold by IDI (Industrial Developments International), a national, full-service industrial real estate developer. IDI will continue to provide leasing and management services for the properties.

The properties are: * A 252,000-square-foot building built in 1991, located in the Itasca Industrial Park on West Thorndale Road off I-190 in Itasca, DuPage County

The building is leased to Madden Services, an offset printer and manufacturer of end-of-aisle displays for major consumer goods distributors. This location supplements Madden's network of 900 distribution depots around the country. * A 174,000-square-foot building built in 1992 in Woodcreek Business Park, located off I-55 in Bolingbrook, Will County

The building is leased to General Electric's Midwest supply division and Chicago Exhibit Productions, Inc., a national designer, builder and consultant for the trade show and exhibit industry. * A 61,000-square-foot building built in 1992 in IDI's Glen Pointe Business Park located off I-355 in Glendale Heights, DuPage County

This building is leased to Casio, Inc., the North American subsidiary of Casio Computer Ltd. (Toyko), which handles all marketing and distribution in the United States and Canada for its parent. Casio, a wholesaler of office machines, watches and musical instruments, relocated its facility from Bensenville to expand its space by 40,000 square feet.
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Title Annotation:located in Chicago, Illinois area
Publication:Real Estate Weekly
Date:Nov 4, 1992
Previous Article:NYC tenant relocates to White Plains locale.
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