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Naperville building sold for $3.65 million.

Naperville building sold for $3.65 million

NAPERVILLE -- Marcus & Millichap, a commercial real estate investment services firm, announced the sale of the Joseph Naper Building, the oldest building in Naperville, officials said. Steven D. Weinstock, regional manager of the firm's Chicago Oak Brook office, said the 7,050-square foot, mixed-use property sold for $3.65 million. Tammy Saia, Tami Andrew, Andrean Angelov, Ryan Engle, and Timothy B. Stephenson, Jr., investment specialists in Marcus & Millichap's Chicago Oak Brook office, exclusively marketed the property on behalf of the seller, a private investor. The property sold to a California based private investor. The mixed use, multistory property is at 216-218 S. Main Street in Naperville. This location, two blocks from the River Walk, is centrally located on Main Street's historic retail corridor with more than one million square-feet of retail and 253,885-people living within a five-mile radius. The property is 100 percent occupied, consisting of five tenants; Alixandra Collections, J McLaughlin, Memory Keepers, Brodzinski Law and Passages. These suites are modernized units with top-of-the-line finishing and detail.

Leslie Oaks goes to auction

ELGIN -- Mission Capital Advisors, a national real estate capital markets solutions firm, said its asset sales group is marketing the Leslie Oaks Business Center, a 255,304-square-foot office and industrial complex located at 580-735 Tollgate Road in Elgin. The property will be auctioned on the RealINSIGHT Marketplace platform, with the bidding opening on today and closing on Nov. 14. The eight buildings that make up the property were constructed between 1988 and 1999 on two neighboring, but noncontiguous, parcels within the Tollgate Industrial Park. Close to 90 percent of the property's square footage is office space, with the remaining space optimized for warehouse use. The complex has a diverse array of 14 national, regional, and local tenants, including Staples, National Louis University, Zimmer Biomet, and Clinical Computer. The property is just over 43-percent occupied, providing buyers with room to add significant value for a fairly modest investment.

New CEO tapped at Chicago Custom Foods

ELK GROVE VILLAGE -- Chicago Custom Foods, the maker of Kernel Season's popcorn seasonings and Tasty Shakes oatmeal add-ins, announced that Jason Roy has been promoted to chief executive officer, effective immediately. Roy, previously COO, has been with Chicago Custom Foods since 2003, leading the operating functions as the company grew from a small startup to the market leader in the popcorn seasoning category. Over the years, Roy has been instrumental in executing the company's strategic plan and facilitating organic growth as the business increased more than twentyfold. "I am excited about my new role. For almost 20 years Chicago Custom Foods, through its Kernel Season's offerings, has been on a mission to save popcorn-lovers from the disappointment of consuming naked popcorn," Roy said. "We have been very successful, but still have more work to do on that front, and the company has tremendous opportunities to continue its growth trajectory."

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Title Annotation:Business
Publication:Daily Herald (Arlington Heights, IL)
Geographic Code:1U3IL
Date:Nov 12, 2018
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