Van Vlissingen and Co. has successfully brokered the sale of 777 Hickory Hill Drive in Vernon Hills, marking a significant achievement in the Chicago-area industrial real estate market. The 294,834-square-foot industrial property was acquired by High Street Logistics Properties for $28 million, translating to approximately $94 per square foot.
The transaction was led by Van Vlissingen and Co.’s President and CEO Charles Lamphere, Vice President Gordon Lamphere, and Executive Vice President Nicholas Panarese, who represented the seller in this high-profile deal . Located within the Corporate Woods subdivision, the property spans over 9 acres and is strategically positioned in Lake County, offering proximity to major transportation hubs, including the Vernon Hills Metra station and Chicago O’Hare International Airport.
This sale underscores Van Vlissingen and Co.’s expertise in facilitating significant industrial real estate transactions in the region. Founded in 1879, the firm has a storied history of developing and managing key commercial properties throughout Northern Illinois, including the Lincolnshire Corporate Center and the Corporate Grove in Buffalo Grove.
The successful sale of 777 Hickory Hill Drive not only highlights the firm’s deep market knowledge and strategic negotiation skills but also reflects the growing demand for well-located industrial assets in the Chicago metropolitan area. With this transaction, Van Vlissingen and Co. continues to solidify its position as a leader in commercial real estate brokerage and development in the region.
Why the truck parking crisis is driving up IOS values across Chicagoland The United States…
Your Office Was Designed For Someone Who Does Not Exist There has always been a…
Caregiving, Building For A Longevity Society, And The Future Of Work With Marisa Toldo —…
The office market has spent the better part of four years trying to answer the…
On this episode of The Real Finds Podcast, I sat down with Mike Herl, SIOR…