Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale of a 111,667 square-foot flex industrial property located at 545 E. Algonquin Road in Arlington Heights, Illinois. The property was sold for $13 million, achieving the full list price after being on the market for just one day, highlighting the strong demand for such assets in the Chicagoland area. The building, constructed in 1990, is fully leased to two long-term tenants: Intertek Testing Services and GigeNET. Situated five miles from O'Hare International Airport, the property offers immediate stable returns and future upside potential for the buyer.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on June 02, 2025, and is solely responsible for the information contained therein.