Lee & Associates of Illinois negotiates $800,000 industrial building sale in Grundy Center, Iowa

Posted December 05, 2023 10:00 pm

Submitted by Catherine Mini

Rosemont, Ill. - Dec. 6, 2023 - Lee & Associates, one of the largest national commercial real estate providers in North America, has closed a $800,000 sale transaction for a ±75,000-square-foot industrial building located at 701 A Avenue in Grundy Center, Iowa.

Tom Condon, SIOR, principal at Lee & Associates' Illinois office, represented the seller, Richelieu Foods. Matt Miehe of Fischels Commercial Group represented the buyer, Honary Enterprises, an environmental lubricant manufacturing company.

"Grundy Center is a tight industrial real estate market," Condon said. "A manufacturer like Honary will make great use of the building's existing infrastructure to support their operations."

About Lee & Associates

Lee & Associates offers an array of real estate services tailored to meet the needs of the company's clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog. For more Lee & Associates of Illinois happenings, connect with us on LinkedIn, Twitter and Instagram.

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