CHICAGO- Newmark Grubb Knight Frank announced this week that they have completed negotiations for an 86,000-square-foot industrial lease in Buffalo Grove with NorthShore Care Supply on behalf of the building's owner, a private partnership.
Developed in 1986, the building sits on five acres at 1200 Barclay Boulevard and includes 10,500-square-feet of office space, 21-foot-clear ceiling heights, eight interior docks, one drive-in door and parking for 71 cars.
Joel Friedland and Steve Stone, the principal and senior associate of Newmark Grubb Knight Frank, represented the owner. Zach Graham from CBRE represented NorthShore Care Supply.
NorthShore will relocate from nearby Northbrook and lease the entire building. The transaction represents a significant space expansion for NorthShore, an online retailer of incontinence supplies specializing in high absorbency adult diapers and youth diapers.
Unlike NorthShore, many companies in the same Lake County submarket have not recovered from the economic crisis and have been squeezing into smaller spaces. In February, for example, GlobeSt.com reported that The Shamrock Companies, Inc. had moved from a larger space into a 15,000-square-foot combined office and warehouse facility on the 1400 block of Barclay, also in Buffalo Grove. Late last year, Colliers said the Lake County industrial market was characterized by “sluggish user demand.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
