LaSalle Investment Management And Brookfield Properties Complete Industrial Lease In Wood Dale For 46,975 SF

The transaction involves an industrial asset located at 200 Lewis Drive & 226-230 Gerry Drive in Wood Dale, IL. The total square footage of the property is 46,975, which includes a combination of an 11,192-square-foot lease renewal for MRV Systems and a 35,783-square-foot new lease for Renuity Operations. The landlords in this deal are LaSalle Investment Management and Brookfield Properties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 46,975
• Address: 200 Lewis Drive & 226-230 Gerry Drive
• Market: Wood Dale, IL
• Landlord: LaSalle Investment Management & Brookfield Properties
• Tenant: Renuity Operations & MRV Systems
• Landlord's Representatives: Jeff Galante - Lee & Associates; Jonathan Kohn - Colliers
• Tenant's Representatives: Jeff Janda - Lee & Associates; Zak Mirkowski - Savills

Lee & Associates successfully managed the representation of tenants in one of the lease transactions and landlords in the other. This dual representation showcases the firm's role in facilitating both sides of the negotiations, further indicating a strategic partnership between institutional landlords and involved tenants.