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MAPEI Corp. Leases Industrial Space At 1701 W Hawthorne Ln, West Chicago

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LEASED

Illinois

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Industrial75,539 SF
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LEASED

MAPEI Corp. Leases Industrial Space At 1701 W Hawthorne Ln, West Chicago

1701 W Hawthorne Ln, West Chicago...

See Similar Deals
Industrial75,539 SF
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:75539 SF
Transaction Type:Lease

The industrial lease involves a space located at 1701 W Hawthorne Ln, West Chicago, with a total area of 75,539 square feet. The property is part of a 150,000-square-foot facility, currently occupied in part by Wise Plastics. The lease is executed between MAPEI Corp. and Blackstone Group, with specific representation from respective brokers.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1701 W Hawthorne Ln, West Chicago
  • Market: West Chicago
  • Tenant: MAPEI Corp.
  • Landlord: Blackstone Group
  • Tenant's Representative: Michael Colhoun Jr.-Walker & Dunlop, Nicholas "Nick" Eboli-Lee & Associates
  • Landlord's Representative: Michael "Mike" Magliano-Cushman & Wakefield
  • Square Feet: 75,539

Lee & Associates facilitated the negotiation for MAPEI Corp., a company recognized for manufacturing adhesives, sealants, and other chemical products tailored for the building industry. The landlords, represented by Cushman & Wakefield, include owners from Cabot Properties and Blackstone Group.

Players

Michael (Mike) Magliano
3 deals$2.3M volume
BROKER

Michael Colhoun Jr.
Walker & Dunlop
5 deals$10M volume(415) 233-3945
BROKER


Blackstone
LANDLORD

Details

LEASED
IMAGE: 1701 W Hawthorne Ln, West Chicago... MARKET: West Chicago ASSET TYPE: Industrial TENANT'S REP: Michael Colhoun Jr.-Walker & Dunlop, Nicholas "Nick" Eboli-Lee & Associates LANDLORD'S REP: Michael "Mike" Magliano-Cushman & Wakefield TENANT: MAPEI Corp. LANDLORD: Blackstone Group SQUARE FEET: 75539

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Deal Type
Effective Rent (Annual)

$4,329,849.90

Total Lease Value

$43,298,498.97

Net Landlord Cash Flow$4,329,849.90