Midwest Industrial Funds has secured more than 400,000 square feet of recent leases at its speculative developments located in Chicago’s Fox Valley submarket. They include a 287,051-square-foot lease by Vanguard Logistics at 537 Discovery Dr. in West Chicago, IL and a full-building lease of 125,205 square feet by Batavia Container Inc. at 1459 Louis Bork Dr. In Batavia, IL.
NAI Hoffman’s Mark Moran and John Whitehead represented Midwest Industrial Funds on the Vanguard Logistics transaction. Savills’ Jeff Cecil, Sara Troy and Zak Mirkowski represented Vanguard Logistics.
In the Batavia Container deal, Michael Androwich, Jr. represented Midwest Industrial Funds and Cushman & Wakefield’s Michael Magliano represented Batavia Container.
“With these recent deals in Fox Valley and others in the Chicago market, we have signed over 600,000 square feet of new leases and are continuing to see strong leasing demand across all of our projects,” said Midwest Industrial Funds principal Michael Androwich.