Newmark Grubb Knight Frank (NGKF) is pleased to announce that Zilber Property GroupSM (Zilber) has completed the purchase of two lots totaling 16.78 acres at 2640 and 2650 Auto Mall Drive, in Elgin, Illinois. Adam Marshall, NGKF senior managing director, represented Zilber in the acquisition of the land.
“This location is the closest development ready site to the intersection of I-90 and Randall Road, offering the benefit of tremendous visibility and easy access to the interchange,” said Marshall. “The site benefits from the areas excellent labor force skilled in advanced manufacturing, logistics and medical related industries along with close proximity to restaurants, hotels, childcare, entertainment and healthcare facilities; all of which were driving factors in Zilber’s location selection.”
Marshall represented the buyer, Zilber Property Group in the transaction, and CBRE represented the seller.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank 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 12,800 professionals operate from more than 370 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.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
About Zilber Property Group
Zilber Property Group is the trade name under which Zilber Ltd. executes its commercial real estate investment activities. Zilber Ltd. is a 67-year old diversified commercial and residential real estate development and asset management company. Zilber’s corporate offices are located in Milwaukee, Wisconsin, with regional operations located in Arizona, California, Florida, Hawaii, Illinois, Indiana, Nevada, Texas, and Wisconsin.
Zilber currently owns and manages more than 6 million square feet of industrial, office, and retail space located in the Milwaukee and Chicago metropolitan areas.