Newmark Grubb Knight Frank (NGKF) is pleased to announce that Elise Couston, SIOR, and Adam Marshall, SIOR, CCIM, senior managing directors in the firm’s Chicago office, were awarded the 2016 Largest Industrial Investment Sale Transaction award from The Chicago Chapter of the Society of Industrial and Office Realtors (SIOR). This prestigious award was given during the annual awards presentation, held at the Chapter’s March “Meet & Greet” event in Rosemont.
Couston, 2014 SIOR Chicago Chapter President, and Marshall received the award for their representation of both the buyer and seller in the sale of 1331-1337 Schiferl Road, a recently completed 272,000-square-foot, 14-acre, speculative industrial building within Brewster Creek Business Park in Bartlett, Illinois. Marshall represented the property owner and developer, Ridge Development, in the transaction along with NGKF Executive Managing Director Brian Carroll and Director Mark Deady. Couston represented the undisclosed institutional buyer. NGKF has also been selected as the exclusive leasing agent and property manager for the building.
“Adam and I are thrilled to have been part of this transaction and to have received this award,” said Couston. “Ridge did an excellent job developing this speculative property in an area that had minimal options for new, modern industrial facilities in DuPage County,” added Marshall. “On top of offering modern amenities, the asset’s excellent location and partial occupancy also made for a very attractive investment opportunity for the buyer.”
Couston has 32 years of experience in industrial and commercial sales, leasing, business park development and build-to-suit projects, as well as marketing expertise. Couston was named amongst Bisnow’s 2014 Top 50 Power Women in Chicago; she has been inducted into Midwest Real Estate News’ Hall of Fame and has received the Society of Industrial and Office Realtors’ (SIOR) Largest Industrial Transaction Award nationally and locally. Couston served as the 2014 SIOR Chicago Chapter President and is a past president of AIRE. She also writes the bi-monthly Industrial Insider column for Chicago Industrial Properties.
Marshall has been in the commercial real estate industry for 14 years, specializing in the representation of industrial tenants, property owners and investors. He currently serves as 2017 AIRE President and holds several other leadership positions in organizations including Big Shoulders Fund and DePaul University Alumni Association. Marshall is also a published writer, sharing insights from his extensive real estate career with Chicago Industrial Properties, Illinois Real Estate Journal and The Daily Herald Business Ledger.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
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