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
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