The freestanding building was originally developed in 1999. Features of the property include 21 ft. clear ceiling heights and six docks along with office, lab and light assembly space. It is part of CenterPoint Properties Trust Chicago area portfolio.
WMH Tool Group was represented in the transaction by Keith Puritz, Brett Kroner and Robert Reaumond of CB Richard Ellis Inc. Dan Bessey, also of CB, represented CenterPoint.
Although lease consideration was not disclosed, average asking rates for industrial space in the northwest suburban Chicago market range from $5.75 to $6.25 psf.
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