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Soosan USA Leases Industrial Space In Elgin IL With Tenant's Rep John Sharpe

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LEASED

Illinois

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Industrial15,520 SF
Leased 05/09/2024
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LEASED

Soosan USA Leases Industrial Space In Elgin IL With Tenant's Rep John Sharpe

1390 Gateway Drive

See Similar Deals
Industrial15,520 SF
Leased 05/09/2024
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:15,520 SF
Transaction Type:Lease

The industrial property at 1390 Gateway Drive Suites 5 & 6 in Elgin, IL, spans 15,520 square feet. The lease was facilitated by Lee & Associates for Soosan USA, a company specializing in hydraulic breakers, compactors, and crawler drills. The landlord, Dominic A. Sergi of Clear Height Properties, enlisted the services of Matt Garland of Cawley Chicago as the landlord's representative.

Summary of transaction details:

The new lease of manufacturing space at 1390 Gateway Drive was successfully brokered by John Sharpe and Rick Anesi of Lee & Associates representing Soosan USA, while Matt Garland of Cawley Chicago acted on behalf of Clear Height Properties, the property owner.

Players

Matt Garland
9 deals(630) 729-7945
BROKER

Details

LEASED
IMAGE: 05/09/2024 ADDRESS: 1390 Gateway Drive Suites 5 & 6 MARKET: Elgin ASSET TYPE: Industrial ~ SF: 15,520 LANDLORD: Dominic A. Sergi - Clear Height Properties TENANT: Soosan USA LANDLORD'S REP: Matt Garland - Cawley Chicago TENANT'S REP: John Sharpe - Lee & Associates NOTE: Lee & Associates facilitated a new lease of manufacturing space totaling 15,520 square feet at 1390 Gateway Drive in Elgin, IL. The tenant, Soosan USA, a subsidiary of Soosan Heavy Industries, specializes in designing and manufacturing hydraulic breakers, compactors, and crawler drills. John Sharpe and Rick Anesi of Lee & Associates represented Soosan USA in the transaction, while Matt Garland of Cawley Chicago acted on behalf of the property owner, Clear Height Properties.

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Deal Type
Effective Rent (Annual)

$889,597.03

Total Lease Value

$8,895,970.35

Net Landlord Cash Flow$889,597.03