Business

Lee & Associates brokers W. Chicago lease

Posted June 15, 2018 1:00 am

Lee & Associates recently closed a lease transaction for a 75,539-square-foot industrial suite at 1701 W. Hawthorne Lane in West Chicago.

Michael J. Androwich Jr., principal, and Nick Eboli, senior vice president, of Lee & Associates' Illinois office represented tenant MAPEI Corp., an international manufacturer of adhesives, sealants and other chemical products for the building industry. Michael Magliano of Cushman & Wakefield represented the owner, Cabot Properties/Blackstone Group.

“We were extremely pleased to assist MAPEI Corporation on this lease,” Androwich said. “During our initial search, we had ruled out this facility given that the 150,000 square feet of available space was more than the client needed.

“Through our local market network, we learned an existing tenant in the Hawthorne building, Wise Plastics, wanted to expand their footprint, leaving 75,000 square feet available,” he added. “The stars aligned and we were able to get attractive terms agreed to very quickly. Cabot/Blackstone and Cushman were tremendous in expediting the process which allowed our client hit their operation timelines.”

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