(To read more on the net lease market and the industrial market, click here.)
WOODRIDGE, IL-Deals in the I-55 corridor continue to add up. Casey Products Inc. has signed a seven-year lease for 50,342 sf at Wood Hill Crossings Business Park. BPG Properties Ltd., the real estate investment manager for Berwind Property Group Ltd., along with their joint-venture partner, Bridge Development Partners, LLC, announced the deal.
Casey Products is a Lisle-based company which specializes in specialty fasteners, providing its original equipment manufacturer customers with small lots, specialty plating, patching and other non-standard features. Wood Hill Crossings is a 944,956-sf industrial park located at the eastern edge of the I-55 corridor and consists of five class A industrial facilities.
The Casey lease brings occupancy of Wood Hill Business Park to 80%. The leasing team for Wood Hill consisted of Daniel P. Cawley, president, Cawley Chicago Commercial Real Estate Co., and Thomas M. Boyle, president, Boyle Commercial Realty LLC. Jason M. West, VP, at Trammell Crow Co.'s Chicago office, represented the tenant.
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