Avison Young arranges new lease of mixed-use industrial property in Hanover Park
November 2, 2023
A consolidation of two facilities for the occupier and will act as a corporate headquarters
Chicago, IL – Avison Young has arranged a new 160,419-square-foot lease in an industrial building at 6450 Muirfield Drive in Hanover Park, IL on behalf of the landlord, LBA Realty, LLC. The lease represents a consolidation of two nearby facilities and will act as the corporate headquarters for the occupier, a top provider of cutting edge engineering, fleet management, and labor optimization services.
LBA Realty, LLC was represented by Principals, Brian Colson and Brian Pomorski, both located in Avison Young’s Chicago office. The tenant was represented by Corey Chase of Newmark.
“While the Chicago-area industrial market remains strong, the Central DuPage industrial submarket affords very few opportunities of this caliber. We are happy that this property was the right fit for the space needs of the occupier,” said Colson.
The industrial property sits on 10.62 acres and contains office space, 17 exterior docks and two interior docks, a 125’ truck court, and 117 parking spaces.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.