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2305 Kenyon Road

Illinois Tool Works Leases 60050 SF Industrial Space At Blue Heron Business Park, Bartlett
LEASEDIndustrial

Illinois Tool Works Leases 60050 SF Industrial Space At Blue Heron Business Park, Bartlett

2305 Kenyon Road

Building Size

60,050 SF

Asset Type

Industrial

Closing

Aug 18, 2025

AI

The lease transaction involved a newly built industrial facility measuring 60,050 square feet located at 2305 Kenyon Road in the Bartlett market. The property is part of a larger structure totaling 166,573 square feet situated within the Blue Heron Business Park.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2305 Kenyon Road
  • Market: Bartlett
  • Landlord: Cratos Industrial
  • Tenant: Illinois Tool Works (ITW)
  • Landlord's Representative: Dan Brown & Mike Antonelli - Brown Commercial Group
  • Tenant's Representative: Bruce McConnell - Savills

This transaction highlights the representation of Cratos Industrial by Brown Commercial Group, while Illinois Tool Works was represented by Bruce McConnell from Savills. The lease reflects the growing demand for industrial space in the Bartlett area.

Players

Dan Brown

Brown Commercial Group

Broker

$3.3M

vol

4 deals

Broker
Savills
SavillsBrokerage
Cratos Industrial
Cratos IndustrialLandlord
Illinois Tool Works (ITW)
Illinois Tool Works (ITW)Tenant

Bartlett Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93