2340 Kenyon Road
Deal Type: Acquisition
Risk Profiles: Core Plus
Property Types: Industrial
EXECUTIVE SUMMARY
Cushman & Wakefield has been retained as the exclusive advisor to ownership in the sale of 2340 Kenyon Road (the “Property”) in Bartlett, IL. The 100,560-square-foot Class A facility is 100% leased to Oxerra Americas, Inc.
Oxerra built the Property in 2020 as a build-to-suit U.S. headquarters for its Midwestern operations. Oxerra is one of the world’s largest manufacturers of iron oxide pigments, with locations across the U.S., China, Europe, Australia, and Africa. The company executed a 10-year sale leaseback in 2021 and currently has 4.7 years of term remaining.
The Property is located within Blue Heron Business Park in the Northern Fox Valley submarket of Chicago. The location benefits from a strong surrounding workforce, proximity to major state highways, and favorable Kane County taxes.
The offering presents an opportunity to acquire an institutional-quality, highly functional Class A facility that is fully leased to a global manufacturer using the Property as its U.S. headquarters.
INVESTMENT HIGHLIGHTS
- Class A Asset with Flexibility
- Industrial Park Setting in Kane County
- Best In-Class Specifications
- Build-to-Suit U.S. Headquarters
- Strong Market Fundamentals - Chicago/Northern Fox Valley
OFFERING AT A GLANCE
CONTACTS
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DAN COONEY |
MIKE TENTERIS Vice Chair +1 312 470 3832 michael.tenteris@cushwake.com
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ADAM TYLER |
JIM CARPENTER Vice Chair |
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MEGAN BARKER Director
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| JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |
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DOUG PILCHER |