Midwest Industrial Funds recently leased 59,460 square feet within their newly developed, Class A spec building located at 1100 N. Raddant Road in Batavia, Illinois. The space was leased on a long-term basis to DHL Supply Chain USA.
The 102,142-square-foot building features 30-foot ceilings, 20 exterior docks fully equipped with levelers, seals and dock locks as well as LED warehouse lighting, caulked floor joints and other food-grade improvements. Dan McGillicuddy and Charlie Kenning of JLL represented DHL; Jeff Fischer and Brett Tomfohrde of NAI Hiffman represented Midwest Industrial Funds on the lease transaction and are marketing the remaining 42,682 square feet for lease.
In separate and unrelated transactions, Midwest Industrial Funds also completed over 240,000 square feet of new leases thus far in 2019 at properties they currently own in Chicago, Naperville, Plainfield, Batavia, Cary and West Chicago, Illinois.
“As a value‐add investor and developer that embraces vacancy, new leasing is the life blood of our business. We are thrilled to have completed over 300,000 square feet of leases and to welcome DHL to our most recent spec building in Batavia,” said Michael J. Androwich a principal with Midwest Industrial Funds. “We pride ourselves on being a best in class and tenant-friendly landlord and will continue to form strong working relationships with this latest flurry of new tenants and the 90+ existing tenants in our growing portfolio.”