The Missner Group announced that its 80,464-square-foot speculative industrial building at 50 S. Fairbank St. in Addison, Illinois, is fully leased.
This was The Missner Group’s second project completed in its three-project joint-venture partnership with Realterm, a Maryland-based investment management firm.
The state-of-the-art, A-class building completed construction in July of 2023 with 30,387 square feet of space leased prior to completion to PGW Auto Glass, a leading automotive parts manufacturer and glass replacement service. The Missner Group served as the general contractor of their space, overseeing the construction of office space.
Following the completion of the building The Missner Group leased 20,032 square feet of space to Professional Parts Group, a local distributor of automotive parts. The space will be used for warehousing and distribution. The Missner Group will serve as the general contractor for the build-out of their warehousing facility and office space for employees. Construction began in early November of 2023 and is expected to be completed in the first quarter of 2024.
The final 30,045 square feet was leased to Midwest Solutions a Solar Energy company specializing in renewable energy solutions. Their space will serve as an office, warehouse, and distribution center.
The 80,464-square-foot building is situated on 5.7 acres near I-355 and I-90. The development features two drive-in doors, 13 exterior docks, and a 32’ clear ceiling height.
CBRE’s Cal Payne and Genna Nicketta represented The Missner Group and Realterm. Stephanie Park of CBRE represented PGW Auto Glass. Chris Nelson of Lee and Associates represented Professional Parts Group and JLL’s Phil Reiff represented Midwest Solutions.
