Industrial

Tablecraft Products Inc. Inks New Lease in Gurnee, IL

CHICAGO, August 8, 2018 – Cushman & Wakefield has secured a 109,863 square foot (SF) lease for Tablecraft Products Company Inc. at 1020 Lakeside Drive in Gurnee, IL. The company will take occupancy on August 1, 2018. Eric Fischer, Keith Puritz, and Brett Kroner from Cushman & Wakefield represented Tablecraft. Ned Frank, Jack Rosenberg, and Fred Regnery of Colliers International represented building owner Venture One. Tablecraft will be consolidating out of two other facilities within the Grand Tri-State Business Park, which is just around the corner from the company’s headquarters. The move comes at a time when the company has been in consistent growth mode and the new space will better accommodate their operations. Tablecraft is a leader in the manufacturing and distribution of innovative products that serve the needs of their Foodservice and Retail customers. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real [...]

Cushman & Wakefield Completes Leasing of 350 Church Street in Addison, IL

Britt Casey and Jeff Matella fully lease facility on behalf of The Silverman Group CHICAGO, July 26, 2018 – Cushman & Wakefield has fully leased 350 Church Street in Addison, IL, on behalf of The Silverman Group, to JDS Industries, Inc. JDS, a wholesale supplier, signed a long term lease on the building and is relocating from Elk Grove Village as part of an expansion of their operations. They will occupy the entire facility, at just over 87,000 square feet (SF). This deal comes just four months after The Silverman Group selected Cushman & Wakefield to market 350 Church Street for lease. Britt Casey and Jeff Matella of Cushman & Wakefield acted on behalf of The Silverman Group and Sam Durkin of Jones Lang LaSalle represented JDS Industries. Britt Casey, Executive Managing Director, said: “The Silverman Group awarded us this assignment in March and we are delighted to have fully [...]

Bridge Development Partners Begins Construction of Bridge Point Downers Grove in Chicago Suburbs

Cushman & Wakefield’s Jason West, David Friedland, Sean Henrick, Michael Magliano and Doug Pilcher Leasing High-Profile Site CHICAGO, June 12, 2018 – Bridge Development Partners, in partnership with Banner Oak Capital Partners, and Cushman & Wakefield announced today that the developer has begun construction on Bridge Point Downers Grove, a speculative distribution development at the intersection of Interstates 88 and 355 that will include three buildings totaling 678,858 square feet. Cushman & Wakefield Executive Managing Director Jason West, SIOR: Executive Directors David Friedland and Sean Henrick, SIOR, CCIM; Managing Director Michael Magliano; and Director Doug Pilcher will represent locally based developer Bridge in leasing the property. The site was formerly slated for mixed-use development before Bridge acquired it in December 2017. It offers direct access to I-88 (nearly 160,000 daily traffic count) and I-355 (nearly 100,000 daily traffic count) via Butterfield Road, Finley Road and Ogden Avenue, and is strategically [...]

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 [...]