Newmark is pleased to announce that Senior Managing Directors Elise Couston, SIOR and Adam Marshall, SIOR, CCIM, along with Director Mark Deady recently arranged a long-term, 108,163-square-foot lease to Clarke Packing & Crating Company at 1365-1395 Brewster Creek Boulevard in Bartlett, Illinois, on behalf of the owner, Barings Real Estate, part of Barings LLC, acting on behalf of institutional investors. Newmark is the exclusive leasing agent and property manager of the property.
1365-1395 Brewster Creek Boulevard is a brand new, state-of-the-art 186,000-square-foot industrial building located within the Brewster Creek Business Park at the intersection of Stearns and Munger Roads just west of Route 59. The facility features proximity to Interstates 90 and 390, as well as O’Hare International Airport, 32’ clear ceiling heights, 50’-by-50’ column spacing, Ductilcrete floors, an ESFR sprinkler system, 35 exterior docks, two grade-level doors, and parking for 224 cars (expandable).
The lease was signed with Clarke Packing & Crating Company, who currently leases 63,000 square feet at 4150 Chandler Drive in Hanover Park, Illinois. Due to the company’s growth, the firm is relocating to Brewster Creek Business Park. While Newmark represented ownership in the negotiations, George Pappas of Hartford Associates represented Clarke Packing & Crating Company. This transaction leaves 77,837 square feet remaining available for lease, featuring 16 exterior docks, one grade-level door, 174 car parking spaces (expandable to 229). Dedicated on-site trailer parking is also available.
“We are delighted to welcome Clarke Packing & Crating Company to Brewster Creek Business Park and look forward to a long-term relationship with the tenant,” said Pam Boneham, regional director for the Central U.S. at Barings Real Estate.
“1365-1395 Brewster Creek is ideally located for light manufacturing, food processing, and warehouse-distribution users looking for a modern, newly constructed industrial facility to suit,” said Couston.
Barings Alternative Investments (BAI), part of Barings LLC, is a 450+ associate team located across 11 countries that manages $52.3 billion (as of 3/31/18) in client capital. BAI seeks differentiated sources of returns by incorporating decades of investment experience in alternative assets offering investors access to a diverse range of opportunities across private equity, real assets, asset-based investments and the four quadrants of real estate. We serve as a trusted partner to clients, leveraging our global presence and robust origination capabilities to identify the most attractive risk-adjusted return opportunities. As a leading global real estate investor and asset manager, the Barings Real Estate team offers a broad range of investment opportunities across the public and private debt and equity markets, investing across property sectors with a focus on global relative value and trend-backed preferred strategies.
Barings is a $306+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, Barings maintains a strong global presence with over 1,800 associates and offices in 16 countries. Learn more, at www.barings.com.
*As of June 30, 2018.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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