Midwest Industrial Funds recently completed a long-term lease with Skyjack Equipment for 102,467 square feet at 2525 Enterprise Circle, West Chicago, Illinois. The space is within their 303,601-square-foot speculative building in the DuPage Business Center.
Owned by the publicly traded Linamar Corporation, Skyjack Equipment recently generated over $5.6 billion in annual revenue. The company consolidated multiple operations into this new space and will use it for their U.S. headquarters and for service and distribution operations. The lease was signed before shell building completion and is for the southern portion of the speculative, multi-tenant facility.
The Fox Valley submarket has seen a surge in spec development and this project marks the largest such project in the in recent years. The property features a cross docked configuration, precast concrete and glass construction, four high-image office entrances, 36-foot clear ceiling heights, up to 63 docks, ESFR fire suppression system and on-site trailer parking.
Mark Moran and John Whitehead of NAI Hiffman represented the landlord, Midwest Industrial Funds, and Mark Coleman of Coleman Land Company represented the tenant in the transaction. Moran and Whitehead are the leasing agents for the remaining 201,134 of vacant space.
Midwest Industrial Funds was the design-build general contractor and construction manager for the shell building and tenant improvement work which featured 13,000 square feet of class A office buildout, material handling system integration and energy efficient LED lighting.