CHICAGO, June 2, 2016 – Cushman & Wakefield has announced that Zurn Industries, LLC has signed a 134,514 square foot lease at 340 County Line Road in Bensenville, IL. A subsidiary of Milwaukee-based Rexnord Corporation, Zurn Industries is relocating its operation in Elkhart, IN and consolidating with its existing operations in the Chicago area. The company will bring the new, Class A 184,170 square foot distribution facility to 100% occupancy with Geib Enterprises leasing the remaining space.
“Our center in Elkhart has allowed us to deliver exceptional service to our customers for many years,” said Ken Witter, Director of Real Estate at Rexnord Corporation. “Our new facility in Chicago’s O’Hare marketplace will allow us to further optimize our operating strategies, and maximize our exposure in the Chicagoland area.”
Newly constructed in November 2015, 340 County Line Road is a premier 5-star warehouse located 20 miles west of downtown Chicago in DuPage County. The building is situated on 11.5 acres and boasts 32’ clear heights, 38 trailer and 162 car spaces and is minutes from O’Hare International Airport. Zurn’s relocation illustrates the enduring attraction for state-of-the-art facilities in what is considered to be one of the most demanded industrial submarkets in Chicago.
“Zurn investigated several different submarkets throughout the Chicago metropolitan area for its relocation, and it was determined that the 340 County Line Road facility was ideal based on building amenities, transportation needs and access to a quality labor market,” said Cushman & Wakefield Vice President William Strey, CCIM, who represented Zurn in the transaction.
According to Cushman & Wakefield Research, there is currently 12.5 million square feet of industrial construction in the pipeline in response to the increasing demand for Class A, state-of-the-art space like 340 County Line Road.
Cushman & Wakefield’s Strey arranged the lease on behalf of the tenant, and CBRE First Vice President Kevin Segerson represented the landlord, Hamilton Partners, in the transaction.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Zurn Industries
Zurn Industries, LLC is a recognized leader in commercial, municipal, healthcare and industrial markets. Zurn offers the largest breadth of engineered water solutions, including a wide spectrum of sustainable plumbing products. Zurn delivers total building solutions for new construction and retrofit applications that enhance any building’s environment. For more information, visit www.zurn.com.
Headquartered in Milwaukee, Wisconsin, Rexnord is a leading worldwide industrial company comprised of two strategic platforms: Process & Motion Control (PMC) and Water Management (WM), with approximately 8,000 employees globally. Within our platforms, we serve a diverse array of growing, global end markets by offering the broadest, most reliable product portfolios and trusted brands in our industries.
Within PMC, we design, manufacture, market and service specified, highly engineered mechanical components used within complex systems where our customers’ reliability requirements and the cost of failure or downtime are extremely high.