A joint venture partnership of Chicago-based Clear Height Properties and Israel-based Buligo Capital Partners has acquired the 354,000-square-foot headquarters, manufacturing and distribution facility constructed for and fully leased to Kenall Lighting, Inc. in Kenosha, Wisconsin. The sale price was undisclosed.
The seller, a private investor, was represented in the transaction by Jeffrey Devine and Steve Disse, both Principals with the industrial investment group from Colliers International in Chicago.
The acquisition of the headquarters and industrial facility might be the first in a series of acquisitions being targeted by the Clear Height-Buligo Capital joint venture.
Kenall Lighting produces lighting fixtures, with applications in corrections, healthcare, public spaces, food processing, cleanroom and transit.
The Kenall facility, located at 10200 55th St. within the Business Park of Kenosha, was strategically designed and constructed for Kenall to account for the firm’s immediate production and business needs while being forward-thinking to accommodate future growth.
Completed in 2014, the building sits on a 20.41-acre site and includes 50,000 square feet of office space. The manufacturing/distribution center space in the building features 32-foot clear ceiling heights, 50′ x 50′ column spacing, 8 exterior docks and one drive-in door. There are 442 car parking stalls.
The Kenall facility is strategically located within minutes of two four-way interchanges providing almost immediate access to north/south interstate system. This particular location was chosen specifically by Kenall to maximize the company’s access to skilled and unskilled labor in neighboring communities to the north and east, while minimizing its distance to logistics corridors.
