Lee & Associates has negotiated a land sale for 3.95 acres located at 2290 White Oak Circle, Aurora, Illinois. The site has great access to the I-88 tollway via Eola Road to the east and Farnsworth Avenue to the west.

The seller was represented by Nick Eboli, principal, and Andrew Block, executive vice president, at Lee & Associates. George Cibula, SIOR, managing broker of DarwinPW Realty/CORFAC International, represented the buyer. The investor who purchased the land plans to build a 50,000 to 60,000-square-foot speculative cold storage or warehouse facility.

“Buyer demand really increased on this site over the last few years as sale inventory for existing buildings in I-88 market started dwindling, leaving users with fewer options and more considering the idea of new construction,” said Block. “Ultimately, the right buyer surfaced and is considering the site for a speculative development of a specialized building that the buyer hopes will demand attention for a product type that the market is currently lacking.”