Newmark Knight Frank (NKF) recently arranged two leases on behalf of Associated Material Handling Industries, Inc., a supply chain solutions firm and distributor of lifting equipment, including a renewal and a new lease, both in Addison, Illinois. NKF senior managing director Corey Chase represented Associated in both lease transactions.
Associated signed a long-term, 87,640-square-foot lease renewal at 133 N. Swift Road in Addison, a 4.65-acre site built in 2008 and consisting of 62,640 square feet of warehouse space with 29-foot ceiling height and 25,000 square feet of office space. The firm also received a tenant improvement package from Bridge Development Partners, who recently purchased 133 N. Swift Road for an undisclosed amount. Chase represented the seller, a private investor, in the recent sale of the property.
In addition, Associated signed a new, 10,200-square-foot lease at 1419 W. Fullerton in Addison. The new space features 900 square feet of office space, 18-foot ceiling height, an interior truck dock and drive-in door. Jim Rigney of Morken & Associates represented private ownership in the lease negotiations.
“We are pleased to have assisted Associated in re-assessing its strategy and expanding its footprint in Addison,” said Chase. “Having the second Addison location is ideal for our client, and we are pleased to have arranged both leases on their behalf.”