SCHAUMBURG, IL–(December 30, 2014) – Frontline Real Estate Partners closed the sale of a 33,436 square foot industrial building located in the Woodfield Business Center on December 30, 2014. The building consisted of two units with ADP leasing 13,170 square feet and the remaining 20,059 space vacant at the time of sale. The property featured three dock level doors, two drive in doors with 21 foot clearance, and a new roof installed in 2011. According to Andrew Rubin of Frontline Real Estate Partners, there were multiple bidders competing for the asset. The bank-owned property was listed for $1,495,000 and ultimately sold to a local industrial real estate investment firm.
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.