fbpx
March 2020

Midwest Industrial Funds brokers industrial HQ lease in West Chicago

Midwest Industrial Funds recently completed a long-term lease with Skyjack Equipment for 102,467 square feet at 2525 Enterprise Circle, West Chicago, Illinois. The space is within their 303,601-square-foot speculative building in the DuPage Business Center.

Owned by the publicly traded Linamar Corporation, Skyjack Equipment recently generated over $5.6 billion in annual revenue. The company consolidated multiple operations into this new space and will use it for their U.S. headquarters and for service and distribution operations. The lease was signed before shell building completion and is for the southern portion of the speculative, multi-tenant facility.

The Fox Valley submarket has seen a surge in spec development and this project marks the largest such project in recent years. The property features a cross-docked configuration, precast concrete and glass construction, four high-image office entrances, 36-foot clear ceiling heights, up to 63 docks, ESFR fire suppression system and on-site trailer parking.

Mark Moran and John Whitehead of NAI Hiffman represented the landlord, Midwest Industrial Funds, and Mark Coleman of Coleman Land Company represented the tenant in the transaction. Moran and Whitehead are the leasing agents for the remaining 201,134 of vacant space.

Midwest Industrial Funds was the design-build general contractor and construction manager for the shell building and tenant improvement work which featured 13,000 square feet of class A office buildout, material handling system integration and energy-efficient LED lighting.

2525 Enterprise Circle

As seen in REjournals.

Recent Blog Posts

Brokerage
News
Research
What Secondary Asset Classes Will Be Popular With Investors in 2022?
January 2022

What Secondary Asset Classes Will Be Popular With Investors in 2022?

Awards & Honors
Events
Property Management
909 Davis Earns TOBY Award
December 2021

909 Davis Earns TOBY Award

Events
News
Property Management
Property Management Division Officially Launched as Hiffman National
December 2021

Property Management Division Officially Launched as Hiffman National