Industrial

Marina Crossings is Chicago’s Largest Speculative Industrial Project in Modern History

Delivering Later This Year at the crossroads of McKinley Park and the Historic Chicago Stockyards CHICAGO, May 9, 2018 – Walls started going up last week on what will be Chicago’s largest speculative industrial project since the Central Manufacturing District broke ground in 1905 on some 260 acres along Pershing Road. Marina Crossings, a premier infill industrial development, sits just blocks away from the historic CMD in the McKinley Park/Stockyards area of Chicago, a one-of-a-kind urban area renowned for its rich industrial history. The property is rail served, sits on 35 acres, and comprises over 633,000 square feet of state-of-the-art industrial amenities – features include 32-foot ceilings, cross docking, precast construction, and ample expandable car and trailer parking. “As Chicago holds the title as one of the largest industrial markets in the nation, the McKinley Park and Stockyards neighborhoods surely hold the title of the most historically significant industrial corridors [...]

Chervon Moving North American Headquarters to Naperville

CHICAGO, March 7, 2017 – Cushman & Wakefield has announced that Chervon, a leading global provider to the power-tool, outdoor power equipment and related industries, has signed a 14-year, 124,000-square-foot sublease at 1203 E. Warrenville in Naperville, Ill., to relocate its North American headquarters and consolidate three of its Midwest facilities. Chervon, whose North American headquarters is currently located in Grand Rapids, Mich., will begin occupancy at 1203 E. Warrenville in the second quarter of 2017. The company is expected to transition approximately 90 employees to the new North American headquarters, with plans to add an additional 100 jobs. Cushman & Wakefield Executive Director Lou Hall and Senior Director Dan Wilkins represented Chervon in the transaction. Senior Vice President Bruce Hopple and Director Adam Showalter, also with Cushman & Wakefield, represented the sub-landlord, SKF Group. “After an exhaustive site selection process, it was determined that Naperville’s quality workforce and thriving [...]

2018-04-23T15:29:27+00:00 March 7th, 2017|Tags: , , , , , |0 Comments

Exeter Property Group Acquires 1881 Rose Road in Lake Zurich, Ill

CHICAGO, February 21, 2017 –  Cushman & Wakefield announced today that Philadelphia-based Exeter Property Group has acquired 1881 Rose Road in Lake Zurich, Ill., from New Age Logistics. Cushman & Wakefield Executive Directors Brett Kroner and Keith Puritz and Senior Director Eric Fischer acted as the sole brokers in the transaction, and have been retained by Exeter to lease the 100,762-square-foot flex property. Located on 6.45 acres, the building includes 15,872 square feet of Class A office space that was constructed in 2001, while the adjacent warehouse space was built in 2005. The building’s warehouse portion offers 26-foot ceilings and 17 exterior doors as well as one drive-in door. Exeter plans to replace the building’s lighting and make cosmetic improvements to the office space. About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. [...]

Cushman & Wakefield Represents Colbert Packaging in Purchase of 173K SF Warehouse in Kenosha

CHICAGO, January 12, 2017 – Cushman & Wakefield has announced that Colbert Packaging Corporation, a leading manufacturer of folding cartons, rigid setup boxes and paperboard specialty products, has acquired a 173,000-square-foot industrial facility at 9949 58th Place in Kenosha, Wis. The recently constructed, Class A warehouse will serve as the Lake Forest, Ill.-based company’s manufacturing facility for its flexographic packaging operations and related services. Cushman & Wakefield Senior Director Eric Fischer, Executive Directors Brett Kroner and Keith Puritz and Senior Managing Director Bradley Migdal represented Colbert Packaging in the transaction. The seller, Zilber Ltd., was represented by Sergio Chapa of Newmark Grubb Knight Frank. “We started the flexo division 18 years ago and have since been through two expansions. We’re excited to be making this significant investment for expansion that will be the footprint for our projected growth into 2020 and beyond,” said Jim Hamilton, president of Colbert Packaging. Colbert’s [...]

Cushman & Wakefield Webinar Examines the State of Holiday Retail and the Implications of E-Commerce Growth

CHICAGO, Nov. 21, 2016 – With the holiday shopping season underway, Cushman & Wakefield examined the impact of e-commerce on the supply chain and brick-and-mortar retail in a November webinar. The program, “Bricks vs. Clicks,” focused on why Cyber Monday is eclipsing Black Friday, and the ongoing implications of e-commerce growth into 2017 and beyond. Cushman & Wakefield’s Ben Conwell, eCommerce Fulfillment Practice Group leader (and former Amazon North American operations real estate director), and Garrick Brown, head of Retail Research for the Americas, led the discussion. “November and December comprise the biggest shopping season of the year, and for many retailers sales during these two months represent a major percentage of annual revenue,” Brown said. “In short, this is a make or break time for retail. The good news is that we anticipate 3.7 percent overall holiday retail sales growth in 2016, despite the election and hinging somewhat on [...]

David Friedland Joins Cushman & Wakefield in Chicago

CHICAGO, Sept. 29, 2016 – Cushman & Wakefield has recruited David Friedland to join its Chicago Industrial Services group, further strengthening the firm’s leading industrial practice. Mr. Friedland, a 22-year industry veteran focused on Chicago’s suburban industrial market, will serve as Executive Director. ”David has an outstanding reputation and unmatched expertise that will elevate our Chicago industrial platform significantly,” said Shawn Mobley, Cushman & Wakefield President, East Region. “We will continue to add exceptional talent to complement our leading industrial platform in Chicago, one of the nation’s top industrial markets, and we could not have asked for a better addition to bolster that growth.” Mr. Friedland joins Cushman & Wakefield from Transwestern. He specializes in industrial sale and lease transactions in the Interstate 88 corridor and surrounding western suburbs. Over his career, he has completed 700+ transactions for corporate and institutional clients valued at $1 billion. Mr. Friedland joined Epic [...]

Cushman & Wakefield Arranges Acquisition of Manufacturing Facility for Danco Converting

CHICAGO, September 22, 2016 – Cushman & Wakefield has represented Chicago-based Danco Converting in the acquisition of an 110,071 rentable square foot manufacturing facility located at 455 E. North Ave. in Carol Stream, Ill. Danco Converting, a commercial paper converting company, will consolidate and relocate its two Elk Grove Village, Ill., operations to the Carol Stream facility. Senior Director Chris Lydon, SIOR, of Cushman & Wakefield and Principal Chad Arthur of Arthur Brokerage Group arranged the acquisition on behalf of Danco, as well as the sale of its former facility located at 1901 Greenleaf Avenue in Elk Grove Village. “Our growing customer base has fueled the need for additional production capacity,” said Dan Mulvey, President and Founder of Danco Converting. “The new facility will dramatically increase our production efficiencies and allow for long-term manufacturing and operational excellence. This is a testimony to our continuous commitment to providing our customers with [...]

Cushman & Wakefield Marketing Pershing Crossing for Investment or Leasing Opportunity

CHICAGO, Aug. 30, 2016 – The City of Chicago, owner of Pershing Crossing, has engaged Cushman & Wakefield to market the former military installation in the city’s historic Central Manufacturing District to potential investors and tenants. For 65 years, Pershing Crossing functioned as the U.S. Sixth Army Headquarters and Quartermaster Depot. Today, the three-building, 1.7 million-square-foot complex is undergoing re-visioning and redevelopment into a strategic location for commercial office and data center use. Cushman & Wakefield Vice President Daniel Nack heads the United States leasing team, while Senior Director Richard Howard leads the United Kingdom team. Vice President Lexis Livengood and Director Benjamin Cleveland round out the Cushman & Wakefield marketing team. “Based on their size, load-bearing capacities, and connectivity to nationwide communication networks, the Pershing Road buildings offer significant opportunities for modern commercial uses,” said David L. Reifman, commissioner of the Chicago Department of Planning and Development. “The City [...]

IDI Gazeley Begins Development on One of Chicago’s Largest Industrial Spec Buildings of 2016

CHICAGO, July 20, 2016 – IDI Gazeley, a leading global investor and developer of logistics warehouse and distribution parks, has broken ground on a 749,554 square foot industrial speculative building at 23700 West Bluff Road in Channahon, Illinois. Strategically located near the intersection of I-55 and I-80 in southern Will County, it is the first of four anticipated buildings to be constructed at the Channahon Corporate Center, a 100-acre master-planned industrial and logistics park that will have approximately two million square feet of industrial space. The building is scheduled for completion in the first quarter of 2017. Cushman & Wakefield Executive Director Jason West, SIOR, Senior Director Sean Henrick, SIOR, and Associate Director Michael Magliano are marketing the property on behalf of IDI Gazeley. “We are happy to be underway with this exciting project,” said Tom George, Regional Director of IDI Gazeley. “This is the culmination of three years of [...]