Greenstone Partners has successfully completed the $18 million sale of the WiFi Tech Center, a 183,000-square-foot multi-tenant flex industrial property located at 3501 West Howard in Skokie, Illinois.
The deal was brokered by Greenstone Partners’ Managing Partner and CEO, Danny Spitz, who represented both the seller, a local private investor, and the buyer, a private investor based in California.
Situated just 11 miles north of Chicago’s Central Loop, the property lies within a key infill industrial corridor. The WiFi Tech Center features a range of tenants, consisting of both national and local companies, with typical units varying between 3,000 and 15,000 square feet.
“There are seldom opportunities of this nature in the marketplace, and with the strong demand and outlook for industrial and flex assets, it provided a robust outcome for the seller,” said Danny Spitz. “Flex industrial assets are increasingly in demand because they are hard to replicate while offering adaptability, efficient suite sizes, and exposure to a wide tenant pool.”
The transaction underscores growing investor interest in industrial and flex space amid a tightening market and rising demand for adaptable commercial properties.
