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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: long-term
- Address: 640 North Central Avenue
- Market: Wood Dale
- Tenant: Tolead Logistics USA
- Landlord's Representative: Kevin Segerson & Genna Ohrn - CBRE
- Tenant's Representatives: Ryan Mullins & Frank Damato - Core Industrial Realty
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
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