CHICAGO, December 20, 2016 – Cushman & Wakefield has represented FMI Inc., a leading FDA-registered supplier of medical-grade silicone components, in a 10-year, 70,957-square-foot headquarters lease at 500 Bond St. in Lincolnshire, Ill. The move will relocate the company’s headquarters from its current Elk Grove Village location and consolidate several of its regional facilities into one centralized space. FMI also will construct a state-of-the-art clean room at the new location, which will be utilized for the development and production of its medical component products.
Cushman & Wakefield Senior Director Chris Lydon and Executive Managing Director Britt Casey represented FMI in the transaction. Nicolson, Porter & List Principal Adam Stokes represented the landlord, UBS, in the transaction.
“The move into a larger space and more collaborative environment will support our efforts to foster a culture that’s focused on quality, innovation and exceptional service for our clients,” said Jim Fitzgerald, CEO of Flexan, LLC, FMI’s parent company. “Our new location and enhanced operational efficiencies will allow us to meet the rising market demand for FMI’s world-class products.”
Situated on 4.9 acres within the Lincolnshire Business Center, 500 Bond St. features 10,760 square feet of office space, 22-foot clear height, four interior truck docks, 82 parking spaces and is recently renovated with upgraded finishes.
“FMI was searching for a new corporate headquarters to accommodate its growth and enable the company to streamline its U.S. operations,” said Lydon. “Ultimately, the Lincolnshire facility offered the space, amenities, visibility and flexibility that will allow FMI to continue providing the best and highest quality products in the industry.”
FMI’s move to the desirable Lake County submarket demonstrates ongoing demand for quality, well-located assets in the area. As further evidence, overall vacancy in Lake County is currently at 6.2% – a 15-year low, according to Cushman & Wakefield Research.
About FMI Medical Silicone Molding
FMI is a leading supplier of medical-grade silicone components designed primarily for use in implantable Class II and Class III medical devices. Since 1989, FMI has been helping medical device manufacturers develop new products and expand their global market reach. FMI operates cleanroom facilities near the Chicago O’Hare International Airport and in Suzhou, China. Both facilities are ISO 13485-certified for medical devices with Class 5, 6 and 7 cleanrooms in the US and Class 7 cleanrooms in China. FMI is a wholly owned subsidiary of Flexan, LLC, which began operations in 1946 in Chicago and also has a facility in Suzhou, China, which opened in 2004.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. 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.