Texas Buyer Snags Elk Grove Village Industrial
Marcus & Millichap closed the sale of 855 Morse Ave., a 95,000-square foot industrial property located in Elk Grove Village, IL. The asset sold for its listing price at $6,900,000 and went from listing to closing in less than 50 days.
Peter Doughty, senior associate in Marcus & Millichap’s Chicago Downtown office who specializes in the sale of industrial investment properties throughout Chicagoland, marketed the property on behalf of the seller, a partnership. The buyer, Texas-based fund AIC Ventures, was also secured by Doughty.