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updated: 11/8/2017 9:39 AM

McHenry property housing Brake Parts Inc. sold

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  • The McHenry property housing Brake Parts Inc. has been sold.

    The McHenry property housing Brake Parts Inc. has been sold.

 
Daily Herald Report

The McHenry property that houses Brake Parts Inc. has been sold.

Podolsky Circle in Des Plaines and Centurion Investments LLC announced the sale of 4400 Prime Parkway and 1380 Corporate Drive in McHenry.

The property is a 288,000-square-foot class A industrial facility that is part of Brake Parts Inc.'s global headquarters campus.

The property sold to Brennan Investment Group who now owns the entire BPI campus, as they also own 1100 Corporate Drive.

Built in 1990, 4400 Prime Parkway is a two-story industrial warehouse facility. The facility is 100 percent leased to BPI and serves as the primary distribution center for the firm, a manufacturer and supplier of brake parts. The firm has occupied the property as its global headquarters for more than 27 years.

The Podolsky Circle Middle Market investment advisory team comprised of Managing Principal Alissa Adler, Principal John Homsher, CCIM, and Senior Vice President Paul Tesdal, represented the seller, Centurion Investments, in the transaction.

"We are pleased to have represented Centurion Investments in the sale of 4400 Prime Parkway," Adler said. "We were able to capitalize on our experience in brokering large industrial facilities along with our team's market knowledge to secure a quality buyer for our client."

"Podolsky played a crucial role in our ability to sell this property to Brennan at a price that afforded Centurion's investors a terrific return," said Jay Rappaport, founder and managing member of Centurion Investments, in Tennessee.

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