Midwest Industrial Funds Completes 300,000 SF of New Leases

OAK BROOK, IL – May 2019 – Midwest Industrial Funds recently leased 59,460 SF within their Class A, 102,142 SF, newly developed spec building located at 1100 N. Raddant Road, Batavia, IL.  The space was leased long term to DHL Supply Chain USA and features 30’ ceilings, 12 exterior docks fully equipped with levelers, seals and dock locks as well as LED warehouse lighting, caulked floor joints and other food grade improvements.  Dan McGillicuddy and Charlie Kenning of JLL represented the tenant, DHL Supply Chain USA.  Jeff Fischer and Brett Tomfohrde of NAI represented the landlord, Midwest Industrial Funds, on the lease transaction and are marketing the remaining 42,682 SF for lease.

In separate and unrelated transactions, Midwest Industrial Funds also completed 240,000+ SF of new leases thus far in 2019 at properties they currently own in Chicago, Naperville, Plainfield, Batavia, Cary and West Chicago, IL.

“As a value-add investor and developer that embraces vacancy, new leasing is the life blood of our business.  We are thrilled to have completed over 300,000 SF of leases and to welcome DHL to our most recent spec building in Batavia.  We pride ourselves on being a best in class and tenant friendly landlord and will continue to form strong working relationships with this latest flurry of new tenants and the 90+ existing tenants in our growing portfolio.  We have a substantial amount of capital to deploy into the right opportunities, and we intend to be more active than ever on the new investment and development side of our business here in 2019”, stated Michael J. Androwich a Principal with Midwest Industrial Funds.