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Kester Relocates, Downsizes Headquarters

ITASCA, IL-Kester, a supplier of interconnecting materials for the electronic assembly markets, is relocating its global headquarters in September to a 63,800-sf building.

By Bonnie Grota | Updated on July 13, 2006

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ITASCA, IL-Kester, a global supplier for the electronic assembly markets, is relocating from 515 E. Touhy Ave. in Des Plaines, to 63,800 sf at 800 W. Thorndale in this city northwest of Chicago. Kester signed a 10-year lease for the entire light manufacturing facility.

Dave Prioletti, a broker at CB Richard Ellis, represented Kester Inc. in the transaction. Dave Bercu of Colliers, Bennett and Kahnweiler Inc. negotiated on behalf of the landlord, Cabot. Consideration was close to $3.5 million. Prioletti explains that Kester opted for a long lease with options. “They are right sizing,” he tells GlobeSt.com. “They are going from 137,000 sf to the new space of 63,800 sf.”

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