Merit Partners inks Mundelein deal

David Liebman, managing broker of Merit Partners LLC, was the sole broker in a sale-leaseback for a 38,543-square-foot industrial building in Mundelein.

Venture One Real Estate through its acquisition fund, VK Industrial IV LP, a partnership between Venture One and Kovitz Investment Group, acquired the building on 3.12 acres of land located at 939 Tower Road.

The acquisition was a sale-leaseback with American Marketing Services & Consultants Inc. Liebman represented AMSC 17 years ago in the original site acquisition and build-to-suit transaction for the property.

The precast building features 24-foot clear height, 4 exterior docks, 1 drive-in door and 6,281 square feet of high quality office space. Additionally, the property has 0.6 acres of additional land that could accommodate a 18,000 square foot building expansion, additional car parking or trailer parking.

Merit Partners LLC is a Chicago based commercial real estate firm with more than 90 years of combined experience in development, asset repositioning, leasing, acquisitions, sales and management of commercial, industrial and residential real estate. The principals have developed properties from Boston to Los Angeles.