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Sealy & Co. Renews Lease With World Wide Technology For 1.6 Million Square Feet In Edwardsville

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LEASED
Ed Lampitt
Matthew (Matt) Eastin

Illinois

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Industrial3,299,414 SF
Leased 10/10/2024
the dealplayerscompscontact
Property Image
LEASED

Sealy & Co. Renews Lease With World Wide Technology For 1.6 Million Square Feet In Edwardsville

3971 Lakeview Corporate Drive & 3951 Lakeview Corporate Drive

See Similar Deals
Industrial3,299,414 SF
Leased 10/10/2024
Ed Lampitt
Matthew (Matt) Eastin
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:3,299,414 SF
Transaction Type:Lease

The properties involved in the transaction are located at 3971 & 3951 Lakeview Corporate Drive in the Edwardsville market. These industrial assets encompass a total of 1,649,707 square feet and are designed for industrial, office, and lab use.

Summary of transaction details:

This lease renewal was negotiated by William Shagets of Sealy & Co., partnering with Ed Lampitt and Matt Eastin from Cushman & Wakefield, who brought their expertise to the discussions. The properties have been a long-term base for World Wide Technology, emphasizing their continued commitment to the locations within Lakeview Commerce Center II and III.

Players

Ed Lampitt
Cushman & Wakefield
Ed Lampitt
1 deal(314) 746-0383
BROKER
Matthew (Matt) Eastin
Cushman & Wakefield
Matthew Eastin
1 deal(314) 746-0350
BROKER

Details

LEASED
IMAGE: Ed Lampitt, William Shagets & Matt Eastin DATE: 10/10/2024 ADDRESS: 3971 & 3951 Lakeview Corporate Drive MARKET: Edwardsville ASSET TYPE: Industrial ~ SF: 1,649,707 LANDLORD: William Shagets - Sealy & Co. TENANT: World Wide Technology (WWT) BROKERS: Ed Lampitt & Matt Eastin (@Matt_Eastin) - Cushman & Wakefield (@CushWake) NOTE: Sealy & Co. renewed a lease with World Wide Technology for over 1.6 million square feet across two buildings at Lakeview Commerce Center II and III in Edwardsville, Ill. The properties, tailored for industrial, office, and lab use, have been WWT’s long-term base, with Sealy’s William Shagets leading negotiations, supported by Cushman & Wakefield's Ed Lampitt and Matt Eastin.

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Deal Type
Effective Rent (Annual)

$189,120,419.47

Total Lease Value

$1,891,204,194.73

Net Landlord Cash Flow$189,120,419.47