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640 North Central Avenue

Tolead Logistics USA Signs Long-term Lease For 160,000 Square Feet In Wood Dale Illinois
LEASEDIndustrial

Tolead Logistics USA Signs Long-term Lease For 160,000 Square Feet In Wood Dale Illinois

640 North Central Avenue

Building Size

Asset Type

Industrial

Closing

Nov 12, 2025

AI

The industrial asset located at 640 North Central Avenue in Wood Dale, Illinois, has a total square footage of 160,000. The building features specifications such as 32-foot clear ceilings, 38 exterior docks, and 2 drive-in doors, accommodating the logistics operations for Tolead Logistics USA.

Summary of transaction details:

This lease transaction was facilitated by brokers Ryan Mullins and Frank Damato from Core Industrial Realty, representing the tenant, Tolead Logistics USA. The landlord for the property was represented by Kevin Segerson and Genna Ohrn from CBRE, ensuring a pivotal role in the leasing agreement.

Players

Kevin Segerson

CBRE

Broker

8 deals

Broker
CBRE
CBREBrokerage
Tolead Logistics USA, Inc
Tolead Logistics USA, IncTenant

Wood Dale 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