Midwest Industrial Funds, a vertically integrated national real estate investment company, announced a 275,388-square-foot full building lease with S&C Electric Company (S&C) at 200 Sellstrom Drive in Palatine, Illinois, located in their Palatine Corporate Center development.
Palatine Corporate Center is a 25-acre spec industrial redevelopment project comprised of two buildings totaling 428,431 square feet. It was the largest spec industrial redevelopment by square footage in the history of the Northwest Cook submarket when the project commenced in 2021. The two-building complex has immediate access to Route IL-53 and the interchanges of I-90 & I-290. This Class-A development features precast concrete and glass construction, high image office entrances, 32-foot clear ceiling heights, up to 94 dock doors, above standard car parking, high electrical power capacity and an ESFR fire suppression system.
S&C is a global provider of equipment and services for electric power distribution systems throughout the world and is expanding its Chicago manufacturing footprint to this new location. S&C is committed to manufacturing within the US and specifically in the Chicagoland area, which is home to over 2,000 of its 3,500 global team members, including approximately 200 to be located at the new Palatine Corporate Center facility.
Sam Durkin & Steve Trapp of JLL represented Midwest Industrial Funds on this lease and are marketing the remaining 153,043-square-foot building in the complex at 150 Sellstrom. Chris Johnke, Sally Macoicz, and Matthew Saddler of Cushman & Wakefield represented S&C Electric Company on the lease transaction. MIF Construction LLC was the design-build general contractor and construction manager for the shell building.
