Newmark Grubb Knight Frank (NGKF) has been appointed as the exclusive leasing agent for Bloomingdale Corporate Center, a 276,250-square-foot, 20-acre, three-building, industrial business park being developed by IDI Gazeley in Bloomingdale, Illinois. NGKF represents the contract purchaser, Cornerstone Real Estate Advisers, acting on behalf of an institutional client.
Set for completion in Q4 2016, Bloomingdale Corporate Center will comprise of 255 Madsen, 260 Madsen and 270 Madsen and will be 51,600 square feet, 70,650 square feet and 154,000 square feet, respectively. The three modern distribution facilities will feature substantial loading docks, concrete truck courts, 30’ clear ceilings, Ductilcrete floors, T-5 Lighting as well as ESFR sprinkler systems. NGKF’s Elise Couston, senior managing director, Adam Marshall, senior managing director, and Mark Deady, director, will lead the brokerage team assigned to lease the new development.
“There is pent-up demand for high-end, industrial facilities of this size in this well-located submarket,” said Couston. “The Bloomingdale Corporate Center development is the ideal square footage and location to fill this void. Tenants will also benefit from the park’s advantageous location, Bloomingdale’s myriad of amenities, access to several highways and an institutional ownership group.”
Located near the intersection of Army Trail Road and Gary Avenue in Bloomingdale, the business park offers easy access to I-355/I-290 and the new Illinois Route 390 (Elgin O’Hare Expressway). Bloomingdale Corporate Center also provides easy access to O’Hare International Airport, College of DuPage Manufacturing Technology Program, offers DuPage County real estate taxes and is close to an abundance of retail and dining options. A groundbreaking ceremony was held on May 24, 2016.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers. It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. For more information, visit www.cornerstoneadvisers.com.