M&R Printing Equipment has signed a 14-year, 319,885-square-foot lease at 440 Medinah Road in Roselle, Illinois, according to Paine/Wetzel TCN Worldwide. Term rent is in excess of $19.2 million.
The facility sits on a 19-acre, 480,885-square-foot, two building campus, which is owned by TA Realty.
The 30-year-old firm is consolidating two Chicago-area manufacturing locations and their corporate headquarters from Glen Ellyn and Niles. M&R & TA have commenced build-out improvements that include: expanded office and employee amenities, increased employee parking, additional power distribution and other manufacturing improvements. The transaction immediately relocates 400 high quality manufacturing and engineering jobs to Roselle with an additional potential 200 jobs projected in the future.