CHICAGO—Life Spine Inc. recently purchased the 58,400-square-foot former Duo-Fast Corp. building at 13951 S. Quality Drive in Huntley, IL. The $5.2 million sale closed in August, and gives the property, which has been vacant since 2000, a new shot at life. The seller was Glenview-based Illinois Tool Works Inc., which acquired Duo-Fast Corp in 1999.
Ned G. Frank, senior associate with Colliers International | Chicago's industrial advisory group, represented Life Spine, a spinal implant company, in the transaction. Life Spine was outgrowing its 11,000-square-foot headquarters at 2401 W. Hassell Rd. in northwest suburban Hoffman Estates, a building it has occupied since 2004 when the company relocated from Indianapolis.
“The Hoffman Estates location limited Life Spine is so many ways, preventing them from hiring and growing at the pace they wanted to,” says Frank. “After spending three years touring the Chicago area and also considering out of state locations, Life Spine determined that it was critical to retain its employee base and remain in Chicago's northwest suburbs.”
Constructed in 1997, 13951 S. Quality Dr. is a two-story 44,000-square-foot class A office building with a 14,000-square-foot research and development area. It features high-end finishes, smoke and heat detectors, state-of-the art security system, fiber optics, and hydraulic elevator with battery backup.
The new facility will allow Life Spine to add about 25 employees by the end of 2015 and accommodate more than 200. The property's 10 acres of land will allow further expansion if needed.
Jeff Janda and Jim Planey with Lee & Associates represented Illinois Tool Works.
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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.
