Illinois Tool Works Consolidates in Hanover Park
Carrel, Elisabeth, Daily Herald (Arlington Heights, IL)
Byline: Elisabeth Carrel Daily Herald Business Writer
Illinois Tool Works Inc. has signed a lease for 84,426 square feet at Hanover Corporate Center I, at 1575A Hunter Court in Hanover Park.
The company has consolidated two exiting warehouse packaging locations in Itasca and Wood Dale. The relocation of about 60 employees took place last month.
Illinois Tool Works chose Kajima Construction Services of Schaumburg as its general contractor to renovate the 1575A Hunter Court space. Hanover Corporate Center I's architect was Formations of Itasca; Manhard Consulting of Vernon Hills was the civil engineer.
Illinois Tool Works manufactures highly engineered components for the automotive, construction and food and beverage industries.
Charlie Osweiler of Venterra represented Glenview-based Illinois Tool Works in lease negotiations. Britt Casey, Ken Franzese and John Cassidy, all of Grubb & Ellis, acted for Industrial Developments International, the business park's owner.
Atlanta-based IDI's John Benson is the development manager for Hanover Corporate Center I.
Arlington Heights sale
Medi USA LP has sold its 8,164-square-foot building at 76 W. Seegers Road in Arlington Heights to Wood Logic Custom Millwork Inc. The asking price was $697,000.
There is a shortage of small properties for sale in the Northwest suburbs, said Richard Theis, president of Wood Logic. The specialty woodworking business will retrofit the air-conditioned building for its specific needs, Theis said.
Ray Ivancic of Good Buy Real Estate acted for Germany-based Medi USA in the deal. That company has moved to larger quarters in North Carolina to be closer to ports.
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