TMG’s Global Manufacturer Client Completes 200,000 SF Relocation

TMG Real Estate Advisors is pleased to announce their client has completed a 200,000 SF relocation along the I-355 corridor in southwest Chicago metro. Working with the TMG team led by Marat Safir and Andris Lizenbergs, the client a global manufacturer considered options for relocating its North American headquarters and distribution center in Houston, TX and Norfolk, VA before ultimately choosing the newly constructed, LEED Silver certified building in Lockport, IL.   

Prompted by increasing demand as well as implementing a new product line, the TMG team worked quickly to find a new location to fit their clients’ need to expand operations. When it was decided to remain in the Chicago metro market, they wanted to stay close to their existing location.  The long-term deal includes $1.5 million in tenant improvements.  

“With limited inventory along the highly desirable I-355 corridor and a tight timeline, we had our work cut out for us,” said Safir. “Having formed a 15-year relationship with this client, we were confident that we would find the best solution, while also managing the dynamics of their board overseas in order to gain final approval.” 

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