July 16, 2014
-- A long-term lease brought a 275,000-square-
foot Carol Stream industrial property to 100 percent occupancy, announced Cushman & Wakefield. Industrial brokerage specialists Britt Casey and Chris Lydon, based at the commercial real estate services firm's Rosemont, Illinois, office, represent property owner TA Associates Realty (http://www.tarealty.com/)
as exclusive agents for the building at 900-910 Kimberly Drive.
Diamond Marketing Solutions (http://www.dmsolutions.com/)
, which creates, produces and deploys data-driven communications in print and digital response media, leased 185,000 square feet. The company will relocate its headquarters to the property from nearby Bloomingdale in a significant expansion move. Proximity to the company's employee base and the existing build-out of 30,000 square feet of office space were among the reasons Diamond Marketing Solutions chose the building, according to Casey. John Gearen of Nicolson, Porter & List served as tenant broker in the transaction.
"Carol Point Business Park is known as a desirable destination for industrial users, and within it 900-910 Kimberly Drive is well positioned with solid institutional ownership and a nice balance of corporate-quality image and modern industrial features such as 30-foot clear ceilings, exterior loading and above standard automobile parking," Casey said. "The larger space came available just six months ago, with multiple interested parties pursuing the space. This rapid retenanting came as no surprise given the quality of the space and the continued diminishment on the supply side of comparable spaces."
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2013, globally, this group completed nearly 8,900 industrial real estate transactions totaling 348 million square feet, with an aggregate value of $13.3 billion.