CHICAGO—Jeff Blake, SIOR, senior vice president with Paine/Wetzel TCN Worldwide, exclusively represented M&R Printing Equipment in the long-term year lease of the 161,000 square foot building at 450 Medinah Rd. in Roselle, IL.
This lease extends M&R’s occupancy into the entire 480,885 square foot two-building campus owned by AEW – and completes a five-transaction, $42.1 Million consolidation, involving the sale lease or sublease of over 921,000 square feet over the last 24 months.
M&R, a 30-year-old manufacturer, consolidated two Chicago-area manufacturing locations and their corporate headquarters from Glen Ellyn and Niles. The transaction relocated 400 jobs to Roselle with an additional potential 200 jobs projected in the future.
In addition to the latest expansion, Blake represented M&R in: its initial 14-year lease at 440 Medinah Rd.; the sale of their 106,000 square foot headquarters and manufacturing building in Glen Ellyn; the $6.3 million sale of 6200 Howard St. in Niles, IL; M&R’s five-year sublease to Kellstrom Aerospace.
As Reported March 2, 2018 by Brian J. Rogal – GlobeSt.com