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Nova Medical Products Signs 91,956 SQ Ft Lease At Park 88 Logistics Center In North Aurora

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LEASED
Kenneth Franzese
John Cassidy
+ 2

Illinois

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Industrial91,956 SF
Leased 11/15/2023
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Property Image
LEASED

Nova Medical Products Signs 91,956 SQ Ft Lease At Park 88 Logistics Center In North Aurora

Industrial91,956 SF
Leased 11/15/2023
Kenneth Franzese
John Cassidy
+ 2
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:91,956 SF
Transaction Type:Lease

Nova Medical Products, a medical equipment manufacturer, has signed a lease agreement for a 91,956 sq ft industrial property in North Aurora, IL. The facility, located at 410 Smoketree Plaza, is part of the Park 88 Logistics Center and is classified as Class A. The lease was arranged by Lee & Associates and completion is expected in Q2 2024. With this relocation, Nova will occupy approximately 55% of the 165,928 sq ft facility, moving from their current location in McCook, IL.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 410 Smoketree Plaza
  • Market: North Aurora
  • Size: 91,956 sq ft

The landlord for the property is TradeLane Properties, with Neil P. Doyle representing the company. Sue Chen is the tenant, Nova Medical Products. NAI Hiffman, specifically Jack Brennan and John Whitehead, served as the landlord's representatives in the lease negotiation. On the tenant's side, John Cassidy and Kenneth Franzese, both from Lee & Associates, represented Nova Medical Products.

Players

Jack Brennan
4 deals(212) 755-5151
BROKER

Kenneth Franzese
Lee & Associates
14 deals$9.2M volume(847) 456-4213
BROKER

John Cassidy
Lee & Associates
19 deals$54.4M volume(312) 371-0098
BROKER


Neil P. Doyle
9 deals$186.4M volume
LANDLORD

Details

LEASED
IMAGE: John Cassidy, John Whitehead, Kenneth Franzese, Jack Brennan & Neil P. Doyle DATE: 11/15/2023 ADDRESS: 410 Smoketree Plaza MARKET: North Aurora ASSET TYPE: Industrial ~ SF: 91,956 LANDLORD: TradeLane Properties - Neil P. Doyle TENANT: Nova Medical Products (@NovajoyProducts) - Sue Chen LANDLORD'S REP: Jack Brennan & John Whitehead - NAI Hiffman (@NAIHiffman) TENANT'S REP: John Cassidy & Kenneth Franzese (@Kennedyzese) - Lee & Associates (@LeeAssociatesRE) NOTE: Lee & Associates arranged a 91,956 sq ft lease for Nova Medical Products in North Aurora, IL. Nova, a medical equipment manufacturer, will relocate from McCook, IL, to occupy 55% of the 165,928 sq ft Class A industrial facility in the Park 88 Logistics Center, with completion set for Q2 2024.

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Deal Type
Effective Rent (Annual)

$5,270,862.43

Total Lease Value

$52,708,624.30

Net Landlord Cash Flow$5,270,862.43