ELK GROVE VILLAGE, WOOD DALE, IL (June 29, 2017) NAI Hiffman is pleased to announce that Eric Tresslar, executive vice president with the firm’s Industrial Services group, recently completed four lease transactions for tenants in Chicago’s O’Hare submarket.
In the largest transaction, GCR Corporation leased 76,697 square feet at 1501 Nicholas Street in Elk Grove Village. GCR Corporation, headquartered in Elk Grove Village, is a refurbishment and service center for many leading manufacturers of consumer electronics products. The new space will provide additional overflow space for its growing operations. They now occupy space in three buildings in the market.
In a separate new lease, Associated Global Systems relocated from Elk Grove Village to a 34,215-square-foot facility at 500 Thorndale Avenue in Wood Dale. The global logistics and supply chain provider selected the new facility due to its highly functional loading and it provided 9,000 square-feet of office space to accommodate its growing operations.
Additionally, Tresslar completed separate lease renewals in Elk Grove Village for Atrend USA and Ludwig Dairy/Ludwig Foods. Atrend USA, the world’s leading manufacturer of speaker enclosures, renewed 42,260 square feet at 2701 Lively Boulevard. Meanwhile, Ludwig Dairy/Ludwig Foods renewed 23,218 square feet at 1270-1280 Mark Street. The transaction included significant tenant improvements allowing the dairy product provider to enhance operational efficiency.
All four tenants selected buildings owned by Prologis – currently the largest Chicago industrial owner with more than 200 assets in its growing portfolio.