Ronald J. Behm, SIOR, principal with Colliers International, represented Catching FluidPower, Inc. in a 41,990-square-foot long-term lease at 100 E. Crossroads Parkway, in Bolingbrook. The property is owned by Lakeview Realty Investors and represented by Mark Barbato of Nicolson Porter and List.
Catching FluidPower, Inc. has provided the industrial markets of Northern Illinois, Northwestern Indiana and Southern Wisconsin with quality fluid power and fluid connector components since 1954. The company offers the latest in leak-free and trouble-free components and connectors, representing Parker FluidPower, Parker Fluid Connectors and Parker Seal. Catching was acquired by CT-based Kaman Corporation’s Distribution Segment in December 2011.
Catching FluidPower will occupy the facility in July 2015 when it relocates from approximately 35,000 square feet at 881 Remington, also in Bolingbrook. The company has numerous warehouse locations throughout the Chicago area including Elk Grove Village, South Elgin, and Schaumburg.
“Catching FluidPower was occupying a location that was no longer functional for its business,” said Behm. “After an exhaustive two-year analysis search of the market, we identified a modern property that met their specialized needs which included a very high percentage (41%) of office space including a 1,700-SF “ParkerStore” where components are sold on site,'” he added.
100 E. Crossroads Parkway is a 101,634-square-foot LEED Silver certified warehouse facility constructed in 2014. It features 16 exterior docks, 6 drive-in doors, and 30′ ceiling height. The property is easily accessible via the four-way I-55 and Route 53 interchange.
According to Colliers International’s first quarter 2015 industrial market report, the I-55 Corridor submarket, where the property resides, has a vacancy rate of 10.83% percent while experiencing positive net absorption of 645,845 square feet in the first quarter.
