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2325 Kenyon Road

Illinois Tool Works Leases 60,050 Square Feet At Blue Heron Business Park In Bartlett IL
LEASEDIndustrial

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

Dan Brown

Brown Commercial Group

Broker

$3.3M

vol

4 deals

Broker
Cratos Industrial
Cratos IndustrialBuyer
Cratos Industrial
Cratos IndustrialLandlord
Illinois Tool Works (ITW)
Illinois Tool Works (ITW)Tenant

Market 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