Industrial

Demolition of Former Dairyland Greyhound Park Makes Way for Kenosha Commerce Center

State-of-the-art industrial park to bring additional industry and new jobs CHICAGO, January 23, 2019 – Cushman & Wakefield is representing the new Kenosha Commerce Center (“KCC”), to be located on the former site of the Dairyland Greyhound Dog Track at 5522 104th Avenue, Kenosha, WI, 53144. The site, an industrial business park, will deliver in early 2020 and can accommodate industrial buildings comprising up to 1.8 million square feet (SF). The amenities-rich site, which totals 214 acres, will become Kenosha’s newest industrial business park and will be available for development and construction of build-to-suit leases and purchases in early 2020. KCC is located just north of the Wisconsin – Illinois border off the four-way interchange of I-94 and State Highway 158 and in convenient proximity to three airports – Kenosha Regional Airport is just across the street from the site, General Mitchell International Airport is a 30-minute commute and O’Hare [...]

Cushman & Wakefield Secures 2018’s Largest Industrial Lease in City of Chicago

MAT Limited Partnership and J.P. Morgan’s Marina Crossings is more than 50% leased within 60 days of completion of the site CHICAGO, January 10, 2019 – Cushman & Wakefield represented landlord Marina Crossings Owner, LLC, a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management, in securing its first tenant at 2075 W. 43rd Street, a premier infill industrial development. It is the City of Chicago’s largest speculative industrial building since 1905. First Logistics, an Illinois-based 3PL, will expand from their current facility in Alsip, IL to immediately occupy 331,059 square feet (SF) of the 633,057 SF facility. Larry Goldwasser, Jason West, Colin Green, Matt Cowie and Michelle Maguire represented the landlord in lease negotiations. Larry Hanley of Midwest Commercial Real Estate represented the tenant. Larry Goldwasser, Managing Director, Cushman & Wakefield: “Marina Crossings is an attractive option for tenants looking for immediate proximity [...]

Planned Development Entitlement Approved for Largest New Industrial Building in Chicago

Hilco Redevelopment Partners Selects Cushman & Wakefield as Exclusive Leasing Broker for New Exchange 55 Project; Expected Delivery Q1 2020 CHICAGO, November 8, 2018 – Cushman & Wakefield has been selected as exclusive leasing broker for Exchange 55, the largest new industrial development available in Chicago. The Planned Development is approved, which means the site is fully entitled and zoned for industrial. Exchange 55 will break ground immediately, with delivery expected in Q1 of 2020. Developed by Chicago-based Hilco Redevelopment Partners, Exchange 55 offers up to 1,054,852 square feet (SF) of state-of-the-art warehouse space and is divisible to suit tenants of many types and sizes. Ideal for a wide range of uses and offering size flexibility, Exchange 55 will attract tenants across eCommerce, last-mile, food and cold storage, manufacturing, 3PL, warehouse, distribution, rail and heavy power users. The development will include a modern, sustainable design; 40’ clear height; 70’ speed [...]

Heathrow Scientific Signs for 186,616 SF Build to Suit in Lincolnshire, IL

68,589 SF Remain for Leasing CHICAGO October 24, 2018 – Cushman & Wakefield announced today that Heathrow Scientific has signed a build-to-suit agreement at 325 Marriott in Lincolnshire, IL, for 186,616 square feet (SF). Their building will be situated on 10.27 acres and features 25,000 SF of two-story office space, 36’ clear ceilings, and 14 exterior docks. The property broke ground in July of this year and Heathrow Scientific will take occupancy in April 2019. The Cushman & Wakefield team of Brett Kroner, Keith Puritz, and Eric Fischer represented Heathrow Scientific, global manufacturer of bench top equipment and lab essentials, in the transaction. The Cushman & Wakefield team is also acting as leasing agent on the remaining site, offering 68,589 SF of space for lease with a delivery date of spring 2019. The available space includes, 36’ clear ceilings, frontage on Half Day Rd (Rt. 22), along with six exterior [...]

David Friedland Assumes New Role on Cushman & Wakefield’s Chicago Leadership Team

22-Year Veteran Named Chicago Industrial Group Leader CHICAGO, October 5, 2018 – Cushman & Wakefield is pleased to announce the promotion of David Friedland to Executive Director, Chicago Industrial Group Leader. For the last 22 years, David has represented corporate and institutional clients assisting in tenant advisory, site selection, dispositions, sale/leasebacks and build-to-suits. During his career, he has completed over 750 transactions with a total value in excess of $1 billion. In his new role, David will work alongside Cushman & Wakefield’s industrial brokerage professionals to build and drive occupier and investor client relationships. As part of the leadership team, he will collaborate closely with John Morris, Head of Industrial for the Americas, and Vicki Noonan, Chicago Managing Principal. Vicki Noonan, Chicago Managing Principal, Cushman & Wakefield stated: “We consistently rank as the top CRE industrial platform in the U.S., a standing we’ve earned by always looking for ways to [...]

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 [...]

2018-04-23T15:29:27-05:00March 7th, 2017|Tags: , , , , , |