CHICAGO- TMG’s Supply Chain Solutions team advised a long time client on the purchase of its new 400,000 square foot headquarters. That transaction has been nominated for Investment Sale of the year by the Illinois Real Estate Journal. Led by Dan Smolensky, SIOR and Rob Prioletti the client was looking at multiple options including renewing its existing lease, a build to suit to purchase or lease and purchasing new construction.

A significant factor in their decision was the 50-75% increase in rental rates since 2020. TMG’s analysis illustrated other benefits to the purchase including the ability to control every aspect of the property, a similar cash outlay to a 10-year lease, having a valuable asset of at the end of the term, and creating new income streams for the company.

The building is located in the O’Hare submarket of Chicago. It boasts 36′ clear warehouse ceilings, 77 dock positions, and 115 dedicated trailer parking spots. The building will have approximately 25,000 SF of office space for the HQ team.

TMG’s Supply Chain Solutions team works with clients globally providing advisory service, transaction services, project management and portfolio solutions. For more information please contact info@tmg-rea.com or visit tmg-rea.com