Lee & Associates has closed a lease transaction for a 75,539-square-foot industrial suite located at 1701 W. Hawthorne Lane in West Chicago, Illinois. Michael J. Androwich Jr., principal, and Nick Eboli, senior vice president, of Lee & Associates’ Illinois office, represented the tenant, MAPEI Corporation, an international manufacturer of adhesives, sealants and other chemical products for the building industry.
During the initial search, the Lee & Associates team had ruled out this facility given that the 150,000 square feet of available space was more than the client needed. They learned, however, that an existing tenant in the Hawthorne building, Wise Plastics, wanted to expand their footprint, leaving 75,000 square feet available.
“We were extremely pleased to assist MAPEI Corporation on this lease,” Androwich said. “The stars aligned and we were able to get attractive terms agreed to very quickly. Cabot / Blackstone and Cushman were tremendous in expediting the process which allowed our client hit their operation timelines.”
Michael Magliano of Cushman & Wakefield represented the owners, Cabot Properties and Blackstone Group.
