Entre Commercial Realty, LLC has completed a long-term sublease agreement on behalf of Rockford Systems, LLC, on a facility at 5795 Logistics Parkway in Rockford, Illinois. Rockford Systems delivers trusted machine safeguarding solutions for organizations working with industrial machinery.
This first-class, 38,000-square-foot facility was constructed in 2012 as a build-to-suit for an aerospace firm under a long-term lease agreement, but was decommissioned after a corporate acquisition of the tenant in 2017. The facility features 19,000 square feet of fully furnished, high-image office space and 19,000 square feet of production/warehouse space with 24-foot ceilings. The property features over 100 car parking and a large land site for future expansion.
Rockford Systems plans to add an additional 20+ employees as part of the relocation. Entre’s Dan Benassi, SIOR, and Mike DeSerto worked on behalf of Rockford Systems throughout the site selection process, negotiation of the sublease agreement and, along with its incentives consultant, the procurement of EDGE credits from the State of Illinois as well as re-instatement of a property tax incentive that had lapsed on the property due to the recent vacancy. JLL’s Kurt Kittner worked on behalf of the sublessor in this transaction.