IDI’s Chicago office has signed two new leases with V.AR.VIT. S.p.A. and Ancra International Ltd. for a total of 81,165 square feet. The tenants will begin occupying space in Illinois and Canada, respectively, in the spring of 2012.
“IDI’s Chicago office looks forward to a new year of leasing opportunities,” said Tom George, regional development officer for IDI’s Chicago market office. “Our recent transactions with V.AR.VIT. and Ancra International have set the stage for positive growth in Chicagoland in 2012.”
V.AR.VIT. S.p.A., the distribution branch of Italian-based manufacturing company the Vescovini Group, signed a 55,161-square-foot lease at 1455 Sequoia Drive in Aurora. The facility will be the company’s first distribution center in the United States. Hubbell Lighting, MMD Logistics and Green Sustainable Packaging also occupy space in the facility, and the V.AR.VIT. spa lease brings the building to 100 percent occupancy.
“V.AR.VIT. sought space to support a distribution center in the U.S. market, centrally located near many of its large clients,” said Jeff Lanaghan, IDI’s vice president of leasing and development. “We are thrilled they decided to locate their operations in Aurora and trust that they will be pleased with the class A facility.”
Jeff Girling and Terry Lynch of Paine/Wetzel represented V.AR.VIT in the lease transaction. Jeff Janda and Mike Androwich of Lee & Associates were the listing agents for the property.
IDI’s Chicago market office also signed a lease with Ancra International Ltd. for 26,004 square feet in Woodstock Building A in Commerce Way Business Park at 520 Beards Lane in Woodstock, Ontario, Canada. Ancra supplies cargo restraint systems for airlines, trucking and military use and will use the space for product distribution. Kyle Hanna of CBRE represented Ancra, and Ron Jansen and Justin Lavoie of Colliers International represented IDI in the transaction.
