​CHICAGO (JUNE 8, 2016) – Transwestern today announces it has brokered six industrial transactions totaling 225,750 square feet in Chicago’s western suburbs. The deals include four leases and two sales and range in size from 26,000 to 58,000 square feet.

"The Chicago-area industrial market is exceptionally tight right now for small- and mid-sized users requiring anywhere from 20,000 to 200,000 square feet,” said Transwestern Senior Director Joe Karmin. “Spaces come available from time to time, but due to heightened competition, occupiers must act quickly when they find a building that meets the day-to-day needs of their business.”

The lease transactions include the following properties:
• Century Tile leased 58,000 square feet at 280 Madsen Drive in Bloomingdale, Illinois. Transwestern’s Justin Lerner and Joe Karmin represented the tenant.
• Yingliu Casting leased 37,750 square feet at 901 N. DuPage Ave. in Lombard, Illinois. Transwestern’s Joe Karmin and Justin Lerner represented the owner, Venture One Real Estate.
• Swanson Flo-Systems leased 28,000 square feet at 775 Belden Ave. in Addison, Illinois. Transwestern’s Joe Karmin and Justin Lerner represented the tenant.
• Leggett & Platt subleased 26,000 square feet at 501 Airport Road in North Aurora, Illinois. Transwestern’s Michael Marconi, Joe Karmin and Justin Lerner represented the sublessor, GreenSeed Contract Packaging.

Transwestern also brokered the following sale transactions:
• Packsmart Inc. acquired 1000 Atlantic Drive in West Chicago, Illinois. Transwestern’s Michael Marconi and Joe Karmin represented the buyer and a private seller of the 40,000-square-foot property.

• A private investor acquired 707 Kautz Road in St. Charles, Illinois. Transwestern’s Michael Marconi represented the buyer in the purchase of the 36,000-square-foot facility.

Transwestern reported in its first-quarter 2016 market analysis that vacancy in west suburban submarkets decreased to 4.90 percent from 5.12 percent in the previous quarter, underscoring robust activity. At the same time, 3.96 million square feet of new construction in those submarkets was announced.

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has
34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Chicago and Rosemont offices, follow @TranswesternCHI.

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For more information or to schedule an interview, contact Abe Tekippe, atekippe@taylorjohnson.com, 312-267-4528.
Century Tile’s 58,000-square-foot lease at 280 Madsen Drive in Bloomingdale, Illinois, was one of six transactions recently completed by Transwestern in Chicago’s western suburbs.


Media Contact:
Abe Tekippe