NanoGraf Expands Chicago Presence with a New HQ on the Near West Side

NanoGraf, a battery technology company, has secured a lease for a large warehouse near its new headquarters on the Near West Side. The company plans to establish a research and manufacturing facility, creating 60 jobs.

Expansion and Military Contracts

NanoGraf's expansion follows significant contracts with the U.S. Army for battery production. These contracts, totaling $45 million, aim to enhance battery technology for soldiers' equipment, addressing the growing demand for reliable power sources in defense applications.

Innovative Technology

NanoGraf's silicon anode material promises a 30% improvement in lithium-ion battery capacity, challenging the dominance of graphite-based anodes, largely imported from China. This innovation aligns with the U.S. government's interest in domestic production of critical technologies.

New Facility and Growth Prospects

The new facility on the Near West Side will accommodate manufacturing, laboratories, inventory, and office space. This expansion allows NanoGraf to meet military contracts efficiently and pursue commercial opportunities.

Community Impact and Historical Context

NanoGraf's growth contributes to the Near West Side's reputation as a hub for light industrial businesses. It follows the establishment of mHub, an advanced manufacturing incubator, underscoring the area's resurgence.

Company History and Leadership

Founded in 2012 as SiNode Systems, NanoGraf emerged from Northwestern University's research, led by Professor Harold Kung. Notably, Samir Mayekar, a co-founder, previously served as Chicago's deputy mayor and currently advises NanoGraf.

Real Estate Implications

NanoGraf's lease represents a strategic move for Prologis, the building's owner. Despite acquiring the property during a surge in industrial real estate prices amid the COVID-19 pandemic, Prologis capitalized on NanoGraf's tenancy to maximize returns.

Negotiation Details

Jones Lang LaSalle and CBRE facilitated the lease agreement between NanoGraf and Prologis, underscoring the collaborative efforts in securing the deal.

Overall, NanoGraf's expansion signifies a significant milestone for the company, the local economy, and the broader landscape of battery technology and manufacturing in the United States.