CHICAGO, IL – OCTOBER 25, 2022 – STREAM Capital Partners, LLC (“STREAM”), a national net lease and sale leaseback advisory group, has arranged the sale and leaseback of 509 N. 3rd Avenue in Des Plaines, IL. Comprising 40,001 square feet of flex lab and warehouse space, the property is 100% leased to Environmental Monitoring and Technologies, Inc. (“EMT”) under a long-term lease. EMT is a recently acquired sister company of STAT Analysis Corporation, a portfolio company of Golden Eagle Capital Partners’ (“GECP”). Krupa Shah and Jonathan Wolfe of STREAM represented the seller, GECP.
Timothy O’Donnell of Golden Eagle Capital Partners said of the transaction, “The entire sale leaseback process, from start to finish, was extremely well managed by STREAM. Expectations were set and then not only met but exceeded. After interviewing five other prospective brokers, I am thrilled that I chose STREAM to run our process.”
Krupa Shah from STREAM added that “this transaction enabled the business to unlock significant value for its property and further demonstrates the strength of the O’Hare Industrial Submarket.” Please contact brokers, Krupa Shah and Jonathan Wolfe, for further details on this transaction.