Chicago Industrial Investment Sales

2020 NAIOP Industrial Investment Transaction of the Year Recipient

2019 NAIOP Industrial Investment Transaction of the Year Recipient

2020 Chicago Food Depository Awards
Chicago Industrial Investment Sale
Broker of the Year Finalist

2013 Chicago Food Depository Awards
Chicago Industrial Investment Sale
Broker of the Year

2010 Chicago Food Depository Awards
Chicago Industrial Investment Sale
Broker of the Year

Overview

The Chicago Industrial Sales team of Colliers International’s Chicago Office is known as one of the preeminent advisory teams servicing institutional industrial property investors. The team is lead by Steve Disse and Jeff Devine collectively offering 50 years of experience as intermediaries in the industrial capital markets. ​

 

With a primary focus and expertise in the Chicago market, Steve and Jeff have been the leading brokers of institutional quality industrial real estate in the Chicago area over the past decade in addition to transacting approximately 30% of their annual volume in the surrounding major Midwest markets. They have orchestrated several of the lowest cap rate deals sold in Chicago and have closed nearly $3 billion in sale transactions over the past 5 years. Along with a dynamic support team providing financial modeling and professional grade marketing materials, Colliers Chicago Industrial Sales team continues to serve as the “trading desk” for institutional industrial real estate in Chicago and its neighboring midwestern cites.

Meet Our Team

Jeff Devine

Executive Managing Director

Direct: +1 847 698 8264

jeff.devine@colliers.com

Steve Disse

Executive Managing Director

Direct: +1 847 698 8263

steve.disse@colliers.com

Jennifer Stanisic

Vice President

Direct: +1 847 698 8266

jennifer.stanisic@colliers.com

Tyler Ziebel

Vice President

Direct: +1 847 698 8214

tyler.ziebel@colliers.com

Blake Waeghe

Analyst

Direct: +1 847 384 2847

blake.waeghe@colliers.com

Current Listings

10600 W. Belmont Ave

Franklin Park, IL

215,094 SF

Amhurst Lake Business Park Portfolio

Waukegan, IL

1,279,785 SF

Orchard Gateway Distribution Center

Aurora, IL

764,895 SF

Lakeview Realty Portfolio

Metro Chicago, IL

1,110,612 SF

Milwaukee Electric Tool Corp

Menomonee Falls, WI

388,800 SF

Rivian Distribution Center

Normal, IL

200,000 SF

Attindas Ohio Production Facility

Delaware, OH

376,500 SF

Recently Closed Listings

Select team sale transactions completed within the past year

Bath & Body Works Fulfillment Center

Columbus, OH

CLIENT (SELLER):

VanTrust Real Estate

BUYER:

Mid-America Management Co.

SIZE:

1,022,380 SF

CLOSING DATE:

November 2021

101 Centerpoint Drive

Rochelle, IL

CLIENT (SELLER):

UBS

BUYER:

Hillwood

SIZE:

400,000 SF

CLOSING DATE:

November 2021

3100 – 3250 S. Central Ave

Cicero, IL

CLIENT (SELLER):

Sagic Capital

BUYER:

Aminim Group

SIZE:

565,209 SF

CLOSING DATE:

November 2021

Jefferson Business Center

Naperville, IL

CLIENT (SELLER):

TA Realty

BUYER:

Black Creek

SIZE:

169,250 SF

CLOSING DATE:

November 2021

Ceva O’Hare Distribution Complex

Des Plaines, IL

CLIENT (SELLER):

James Campbell Company

BUYER:

LBA

SIZE:

228,603 SF

CLOSING DATE:

September 2021

Woodridge Commerce Center

Woodridge, IL

CLIENT (SELLER):

William Harris Investors

BUYER:

Unilev

SIZE:

148,012 SF

CLOSING DATE:

September 2021

Grand Rapids Commerce Center

Grand Rapids, MI

CLIENT (SELLER):

Ashley Capital

BUYER:

Glen Una Management Company

SIZE:

1,922,756 SF

CLOSING DATE:

September 2021

2105 Corporate Drive

Addison, IL

CLIENT (SELLER):

HSA

BUYER:

ML Realty

SIZE:

65,183 SF

CLOSING DATE:

September 2021

1224 N. Hooker

Chicago, IL

CLIENT (SELLER):

DWS RREEF

BUYER:

LBA

SIZE:

44,700 SF

CLOSING DATE:

September 2021

IDI Midwest Logistics Portfolio

Chicago, Memphis, Cincinnati

CLIENT (SELLER):

IDI

BUYER:

Granite REIT

SIZE:

2,402,088 SF

CLOSING DATE:

September 2021

1860 Walcutt Road

Suburban Columbus OH

CLIENT (SELLER):

Hackman Capital

BUYER:

Lexington Property Trust

SIZE:

292,730 SF

CLOSING DATE:

August 2021

283 E Lies Road

Carol Stream, IL

CLIENT (SELLER):

Private LLC

BUYER:

Realty Income

SIZE:

38,000 SF

CLOSING DATE:

August 2021

Chicago Income Industrial Portfolio

Metro Chicago

CLIENT (SELLER):

Link Logistics

BUYER:

Faropoint

SIZE:

757,017 SF

CLOSING DATE:

August 2021

3325 Mt. Prospect Road

Franklin Park, IL

CLIENT (SELLER):

Private LLC

BUYER:

Faropoint

SIZE:

64,002 SF

CLOSING DATE:

July 2021

Synnex RGLP Distribution Center

Columbus, OH

CLIENT (SELLER):

Duke Realty/Capitol Square

BUYER:

RMR Group

SIZE:

357,504 SF

CLOSING DATE:

June 2021

GHP Group Industrial Offering

Elk Grove & Niles, IL and Guelph, ON

CLIENT (SELLER):

Private LLC

BUYER:

WP Carey

SIZE:

496,744 SF

CLOSING DATE:

June 2021

Amazon Last Mile Distribution Center

Columbus, Ohio

CLIENT (SELLER):

Private LLC

BUYER:

Miramar

SIZE:

300,000 SF

CLOSING DATE:

June 2021

500 E. Devon Avenue

Elk Grove Village, IL

CLIENT (SELLER):

CA Ventures

BUYER:

Goldman Sachs

SIZE:

146,029 SF

CLOSING DATE:

April 2021

Butterfield VI DC

Aurora, IL

CLIENT (SELLER):

Stering Bay/Private LLC

BUYER:

Nuveen

SIZE:

503,244 SF

CLOSING DATE:

March 2021

O’Hare Logistics Center

Des Plaines, IL

CLIENT (SELLER):

Seefried

BUYER:

Brookfield

SIZE:

72,000 SF

CLOSING DATE:

February 2021

LARAWAY DISTRIBUTION CENTER

JOLIET, IL

CLIENT (SELLER):

Clarion Partners

BUYER:

Exeter Property Group

SIZE:

736,780 SF

CLOSING DATE:

January 2021

Results, you say? Let us explain.

In The Last
Decade

  • Responsible for the disposition of most of the large industrial properties throughout Chicago
  • Sold over $4.5 billion​ of industrial product
  • Completed approximately $700 million​ in structured equity and joint venture financing
  • Consistently achieved the lowest cap rates in the Chicago marketplace.

In The Last
5 Years

  • Closed 102​ transactions with a value in excess of $2.8 billion
  • Volume nearly doubling our nearest competitor
  • Represented over 54%​ of the Chicago industrial sales over $10 million
  • Most dominant industrial investment sales team in Chicago

Last Year

  • Sole advisor on 19​ industrial investment sales and 1​ structured equity financing transaction, totaling nearly 11.1 million​ square feet with a value in excess of $645 million
  • Captured 52%​ of the sales volume among transactions over $5 million​ that were handled by investment sale brokers. ​ The next closest competitor handled only 22%

Honors Received

NAIOP Industrial Investment Transaction of the Year Recipient

Investment Broker of the Year award at the Annual Greater Chicago Food Depository Benefit

CoStar’s power broker
listed as top salesbrokers

Recognition as one of the top ten most active investment brokerage teams in the nation

Connect with us

​ We look foward to talking with you about your project or simply to ask a question.

Jeff Devine

Executive Managing Director

Direct: +1 847 698 8264

jeff.devine@colliers.com

Steve Disse

Executive Managing Director

Direct: +1 847 698 8263

steve.disse@colliers.com

Jennifer Stanisic

Vice President

Direct: +1 847 698 8266

jennifer.stanisic@colliers.com

Tyler Ziebel

Vice President

Direct: +1 847 698 8214

tyler.ziebel@colliers.com

Blake Waeghe

Analyst

Direct: +1 847 384 2847

blake.waeghe@colliers.com