6/9/2008

Marcus & Millichap completes sale/leaseback in Illinois, Michigan

by
A joint venture between Madison Capital Partners, Chicago, Ill.-based Edgewater Funds and Rocky Mountain Bank has sold a two-building industrial portfolio in Illinois and Michigan for $7.3 million.

The venture was represented by Robert Brennan, Andrew Sandquist and Jonathan Wolfe of CB Richard Ellis.

The first building is located at 714 Walnut St. in Mt. Carmel, Ill., and contains 128,636 square feet. The second property is a 142,770 square foot industrial property at 330 N. Ross St. in Beaverton, Mich. It also contains three outlot buildings with 8,940 additional square feet. The two properties contain 280,346 square feet and are currently occupied by Pacific Production Technologies, a portfolio company of Madison Capital Partners.

Address: 714 Walnut St., Mt. Carmel, Ill.
- 330 N. Ross St., Beaverton, Mich.

Size: 280,346 square feet

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Filed Under: Industrial

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