CRER is pleased to announce the successful sale of 515 W. Lunt Avenue, an industrial property located within Schaumburg’s established Centex Industrial Park. The transaction highlights the continued strength of the Northwest suburban industrial market, where limited inventory and sustained demand continue to drive competition among buyers seeking functional industrial space.
Following its launch to the market, the property generated significant interest from owner-users, investors, and growing businesses looking to secure a permanent operational facility. Well-located industrial assets offering flexibility, utility infrastructure, and convenient access to major transportation corridors remain highly sought after throughout the Schaumburg and O’Hare submarkets.
By leveraging strong market demand and executing a targeted marketing process, CRER created a competitive environment that resulted in a sale price exceeding the seller’s expectations. The transaction was led by Timothy Keenan, Senior Director at CRER, who oversaw the marketing process and buyer outreach efforts throughout the assignment.
“The industrial market throughout Schaumburg continues to see strong demand from owner-users seeking quality facilities in established business parks,” said Timothy Keenan. “Properties that offer functional layouts, strong utility infrastructure, and strategic access to major transportation routes continue to attract significant interest from qualified buyers.”
Beyond the successful financial outcome, the property was acquired by a growing local business seeking a long-term home for its operations. The sale not only delivered an exceptional result for ownership but also provided an expanding company with the space needed to support its next phase of growth.
Property Overview
- Property Address: 515 W. Lunt Avenue, Schaumburg, Illinois
- Property Type: Industrial Flex / Industrial Service Facility
- Market: Centex Industrial Park
Transaction Highlights:
- Strong buyer interest generated through targeted marketing efforts
- Competitive market response from multiple qualified parties
- Sale price exceeded seller expectations
- Property secured by a growing local business seeking long-term occupancy
Industrial Demand Remains Strong in Schaumburg
Industrial properties throughout Schaumburg continue to benefit from limited available inventory and strong demand from both owner-users and investors. Businesses seeking warehouse, flex, service, and industrial outdoor storage facilities remain active throughout the Northwest suburban market, creating opportunities for owners considering a sale.
Property owners interested in understanding current market conditions or exploring a potential sale are encouraged to contact Timothy Keenan and the CRER team for a confidential discussion regarding their property’s value and positioning in today’s market.
