August 12, 2020
Avison Young negotiated the sale of a 125,000-square-foot industrial facility in Mokena, IL, which supports Dunkin Donuts’ Midwest distribution. Deal terms weren’t disclosed.
Principals Erik Foster and Mike Wilson, both based in Avison Young’s Chicago office, represented the seller, DCP Real Estate Group, LLC, in a partial sale-leaseback of the facility. The team worked with Avison Young principal Chris Lydon and associate Brian Pomorski in Chicago.
The seller is a supply chain management company serving the franchisees of Dunkin’ Donuts. The buyer was Philadelphia-based Exeter Property Group.
“This transaction illustrates how investors continue to focus on well leased industrial facilities that support strong corporate businesses,” said Foster. “Food supply facilities continue to outperform many other industrial segments, making this a solid, long-term investment for the buyer.”
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