Leggett & Platt Inks 313,000 Warehouse Lease

FREEPORT, IL-Leggett & Platt has expanded and renewed its warehouse lease at 1555 Illinois Highway 75 East in Freeport. Previously in 86,000 sf, the publicly traded manufacturer of residential furnishings and commercial components inks a seven-year lease for 313,000 sf in a 450,000-sf former manufacturing facility owned by KST Properties LLC.

Leggett & Platt’s requirements are handled by Richard Madison of Newmark & Co.’s New Jersey office. Madison tells GlobeSt.com that there was about one year left on Leggett & Platt’s 86,000-sf lease, but it was torn up in favor of the new commitment, which is being used to consolidate a couple of the company’s other warehouse locations in Illinois. The building owner was represented in-house by Tom Lasse.