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NanoGraf Leases Industrial Space From Prologis At 455 North Ashland Avenue
LEASED
Illinois
See Similar DealsIndustrial67,850 SF
Leased 03/07/2024
LEASED
NanoGraf Leases Industrial Space From Prologis At 455 North Ashland Avenue
455 North Ashland Avenue
See Similar DealsIndustrial67,850 SF
Leased 03/07/2024
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:67,850 SF
Transaction Type:Lease
The industrial property at 455 North Ashland Avenue in Chicago, spanning 67,850 square feet, has been leased by NanoGraf, a battery tech firm, from Prologis. This expansion supports NanoGraf's growth fueled by military contracts and its innovative silicon anode material.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Hamid Moghadam - Prologis
- Tenant: Francis Wang - NanoGraf
- Address: 455 North Ashland Avenue
- Market: Chicago
Francis Wang, representing NanoGraf, is at the forefront of this leasing deal with Prologis, the property's landlord. The move is emblematic of NanoGraf's strategic expansion plans in Chicago's Near West Side, positioning them to capitalize on the growing demand for light industrial space in the area.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,889,121.06
Total Lease Value
$38,891,210.56
Net Landlord Cash Flow$3,889,121.06
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