10/29/2007

Inland Real Estate buys Illinois distribution site for $28.5 million

by
Oakbrook, Ill.-based Inland Real Estate Group has acquired a 513,000 square foot industrial building from Boston-based publisher Houghton-Mifflin Co., for $25.8 million.

Cushman & Wakefield brokered the deal for Houghton-Mifflin.

Located at 1900 S. Batavia Ave., the property was built on 25 acres and currently serves as a distribution center for Houghton-Mifflin, one of the world's largest textbook publishers. The company has signed a 12 year lease.

Geneva, located approximately 42 miles west of Chicago, has a population of 19,515, according to 2000 census numbers.

Address: 1900 S. Batavia Ave., Geneva, Ill.

Size: 513,000 square feet

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Filed Under: Industrial

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