Transwestern Brokers Purchase, Sale of Historic Campana Building
April 12, 2022
CHICAGO – Transwestern Real Estate Services (TRS) announces the sale of the Campana Building, a 131,000-square-foot light industrial flex property at 901 N. Batavia Ave. in Batavia, Illinois. Transwestern Senior Executive Vice President Michael Marconi, and former Senior Director Paige Gunn represented the buyer and the seller, Batavia Business Center, LLC and Campana Redevelopment, respectively.
“The property offers significant upside potential for new ownership to increase occupancy through a capital improvement strategy,” said Marconi. “There is a trend in the investment community to look for new ways to increase value through creative avenues. Our Investment Sales team was able to leverage our relationship with the city of Batavia to find the right buyer.”
Situated on a 12-acre parcel, the property is 7.5 miles north of Interstate 88 and State Route 31 and approximately 40 miles from O’Hare and Midway International Airports.
According to Transwestern research, Chicago’s industrial market set a new historic benchmark in 2021 as demand for space drove unprecedented growth. Chicago reported $8.8 billion of sales volume in 2021, a new all-time high and a 55.5% increase from 2020. The market remains uniquely positioned to continue expansive growth in 2022.
The Campana Building was 65% leased at the time of sale. New ownership has retained Transwestern to provide leasing and property management services. The property offers office, commercial and light industrial space for lease.
Photo available for download here.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.