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Darwin Realty & Development Corporation
Buyer Representation
Melrose Park, Illinois
500,000 SF
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Challenge
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- To competitively represent buyer/developer in acquiring a property that was suffering from physical and locational obsolescence
- The building was used for heavy manufacturing and plating
- The facility had varied ceiling clearance due to several additions to original structure
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Action Steps
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- Both parties were creative in establishing an agreement regarding potential environmental matters
- Submitted an offer low enough to compensate for the cost of improvements the facility required
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Results
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- Negotiated a sales price that satisfied the needs of both parties
- Buyer/developer established a strong relationship with the Village of Melrose Park that will aid in the retrofitting of the building, so that it will be better received in the market place
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