Logistics company expands to Lake Zurich
LAKE ZURICH -- SVT Supply Chain Solutions has signed a lease for 39,400 square feet of space at 580 Capital Drive in the Lake Zurich Industrial Park, according to real estate brokers involved in the deal.
Based in New Hampshire, SVT is a warehousing, distribution and supply chain management company. Oakbrook Terrace-based Cawley Chicago Real Estate represented the building owner, Mapletree, in the long-term lease negotiations. Sean Herrick of Cushman & Wakefield represented SVT.
"SVT's occupancy takes the park's vacancy to 2.1%. Rents in this industrial park continue to grow as vacancy rates in Lake Zurich have been at record low levels for the last 15 months," said David Conroy, principal, Cawley Chicago.
The Lake Zurich Industrial Park benefits from quick access to Route 53, giving it great access to McHenry, Lake and Kane counties and O'Hare International Airport, he said.