Lee & Associates successfully facilitated the sale of a 3.95-acre parcel of land located at 2290 White Oak Circle in Aurora, Illinois. The site boasts excellent access to the I-88 tollway via Eola Road and Farnsworth Avenue.
The seller was expertly represented by Nick Eboli, principal, and Andrew Block, executive vice president at Lee & Associates. On behalf of the buyer, George Cibula – managing broker for DarwinPW Realty/CORFAC International – negotiated the deal. The purchaser is an investor who intends to construct a state-of-the-art cold storage or warehouse facility spanning between 50,000 and 60,000 square feet.
According to Block: “Demand from buyers for this particular site has significantly increased in recent years due to dwindling inventory of existing buildings within the I-88 market.” This scarcity has led many users to consider new construction as an alternative solution. Ultimately finding its ideal match with this property’s unique features.
This acquisition marks another successful transaction for Lee & Associates as they continue their track record of connecting investors with prime real estate opportunities across various markets.
