CHICAGO – CBRE’s Special Properties Group announces Insite Real Estate sold 999 McKinley Drive in Ottawa, IL to Garcoa Laboratories. The sale price was not disclosed.
The building has 157,905 SF of divisible space and is situated on 7.5 acres two miles south of Ottawa, IL. Features of the building include 20’ clear height, 10 interior docks and 40’x40’ column spacing.
Founded in 1984, Garcoa Laboratories is a health and beauty care product innovator, distributor, and manufacturer specializing in custom and national brand equivalent products.
CBRE’s Senior Vice Presidents Mike Svoboda and Dave Prioletti represented Insite Real Estate in the transaction. Greg Rubin of Lee and Associates represented Garcoa Laboratories.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.