Illinois Tool Works Leases 60,050 Square Feet At Blue Heron Business Park In Bartlett IL
2325 Kenyon Road
Building Size
60,050 SF
Asset Type
Industrial
Closing
May 8, 2026
AI
The industrial property located at 2305-2325 Kenyon Road in Bartlett, IL consists of 60,050 square feet. It is part of the Blue Heron Business Park, which has a total size of 166,573 square feet designed for modern manufacturing and distribution users. The property is managed by landlord Cratos Industrial.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2305-2325 Kenyon Road
- Market: Bartlett, IL
- Landlord: Cratos Industrial
- Tenant: Illinois Tool Works (ITW)
- Brokers: Dan Brown & Mike Antonelli - Brown Commercial Group
Illinois Tool Works has completed a seven-month site selection and build-out process to occupy the new facility for its Electronic Component Solutions group, bringing approximately 60 employees to the site. The deal is facilitated by the brokerage team of Dan Brown and Mike Antonelli.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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