Three businesses sign leases, move in
Newmark Knight Frank said company leaders recently completed three new leases totaling 118,000 square feet on behalf of Barings Real Estate Advisers in support of an institutional investor.
"We are thrilled to welcome all three tenants to Bloomingdale Corporate Center and Brewster Creek Industrial and look forward to a long-term relationship with each tenant," said Pam Boneham, regional director for the Central U.S. at Barings Real Estate Advisers.
The first two transactions were completed at 260 Madsen Drive in Bloomingdale. The new, 50,000-square-foot lease is for Reliable Automatic Sprinkler at the property, which is part of Bloomingdale Corporate Center. The firm is relocating to Bloomingdale Corporate Center from 1555 Hunter Road in Hanover Park. Sam Durkin of JLL represented Reliable Automatic Sprinkler in the lease negotiations.
The second lease at 260 Madsen Drive was a 20,000-square-foot lease signed by Service Spring. This property will serve as a new location for Service Spring's Midwest operations. Dominic Carbonari of JLL represented the tenant in the transaction.
NKF's Couston, Marshall and Deady were appointed the exclusive leasing agents for the Bloomingdale Corporate Center business park properties when it was being developed in 2016. The three-buildings, located at 255, 260 and 270 Madsen Drive, total 276,250-square-feet on 20-acres.
Additionally another 48,000-square-foot lease to Brolite Products Inc. was completed at 1331-1337 Schiferl Road in Bartlett. Brolite Products Inc., a manufacturer of high quality baking ingredients, is relocating from 1900 S. Park Ave. in Streamwood. The transaction marks 198,000 square feet of leases NKF has completed in the last 12 months at the property.
Completed in September 2016, 1331-1337 Schiferl Road features 32-foot clear ceilings, 36 exterior docks, four drive-in doors and DuPage County property taxes. The property is located within Brewster Creek, a 670-acre, mixed-use business park. Tenants enjoy many local amenities in Bartlett including restaurants, day care facilities, gas stations, banks, a Metra station, forest preserves and golf courses. Elgin Community College is also located nearby, which provides workforce recruitment and custom training services with grant support from the Department of Commerce and Economic Opportunity.