Brennan Investment Group has secured a long-term lease with Broetje-Automation, the first tenant in Elk Grove Technology Park, which Brennan is developing in Chicago’s O’Hare submarket. The site will serve as the U.S. headquarters and production facility for manufacturing and assembling robotic systems and automated composite manufacturing equipment.
Mike Sedjo, Jack Brennan and John Hamilton of CBRE represented Brennan Investment Group in this transaction. Bill Lussow of Bespoke CRE represented Broetje-Automation, a leading expert in specialized production processes in the aviation and aerospace industry.
“We are pleased to complete this lease with Broetje and validate the vision for our development: to provide a world class industrial park for high-end users in tech-related industries and those in traditional industries that actively utilize technology within their company,” said Kevin Brennan, managing principal at Brennan Investment Group.
Broetje-Automation will occupy 43,206 square feet of a 151,693-square-foot building. The property will feature a high-end glass façade, modern, pre-cast construction, state-of-the-art systems and fixtures, 32-foot ceiling clearance and ample loading and auto parking.
“Broetje Automation-USA has ambitious plans to increase our footprint in the North American market,” said Ken Benczkowski, president of Broetje Automation-USA. “With our new facility in Chicago, we will bring enhanced skills closer to our customers and will have the capability to manufacture and assemble products in the United States, including our latest robotic developments, our new products targeting composites applications and other productivity-driving technologies.”
Elk Grove Technology Park, located in Elk Grove Village, Illinois, serves as an ideal location, with proximal access to I-90, I-294 and I-390, O’Hare International Airport and a large and diverse labor pool. The park will include an amenity-rich infrastructure of ponds, water features, sculptures, bike paths and pedestrian walkways, providing an optimal environment for employee attraction and retention. Phase One of the park consists of four buildings with a total of 524,583 leasable square feet remaining. Completion of the last building is targeted for the late summer of 2019.
“Industrial space users continue to utilize more technology,” said Michael Brennan, chairman and managing principal of Brennan Investment Group. “This is evident as we witness the rise of e-commerce, the increased use of robotics and automation in manufacturing, and the proliferation of data centers. We built Elk Grove Technology Park on the premise that this trend was only in its infancy. As such, a new type of park was needed to ensure that businesses can compete, prosper and grow.”