CHICAGO) – Transwestern today announces it represented Design Phase Inc. in a 48,370-square-foot lease at Amhurst II, a 167,916-square-foot industrial facility located in the Amhurst Lake Business Park in Waukegan, Illinois. Design Phase, a global manufacturer of point-of-purchase retail displays, will use the space as an extension of its corporate headquarters, which is located in another building in the same business park. Transwestern Principal Tom Boyle, SIOR, and Senior Director Jared Paff represented the tenant in the transaction.
“Industrial supply in this size range is currently minimal throughout Lake County, which makes it difficult to find updated facilities with 50,000 square feet of vacancy and 24-foot ceilings,” said Paff. “The space we secured was the largest remaining industrial offering in the Amhurst Lake Business Park and the only one that met the needs of Design Phase, allowing for convenient expansion in the same park as its headquarters facility.”
Located at 3540 – 3630 Amhurst Parkway, Amhurst Lake Business Park consists of six industrial buildings across 452 acres owned by Prudential Real Estate Investors. Design Phase’s space has 24-foot ceilings, four exterior docks, one drive-in door and 1,300 square feet of office space. The property, which is less than 1 mile from the four-way interchange at Interstate 94 and State Route 137, also offers convenient access to major thoroughfares in the area.
“Transwestern guided us on a site selection process that achieved our physical, financial and labor goals, enabling us to better serve our clients,” said Michael Eckert, president of Design Phase.
In addition to its corporate offices in Waukegan, Design Phase has manufacturing operations in Manchester, England, and Shenzhen, China. The company’s clients include Microsoft Corp., Disney, LG Electronics Inc., Bose Corp. and Apple Inc.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Chicago and Rosemont offices, follow @TranswesternCHI.
For more information or to schedule an interview, contact Abe Tekippe, firstname.lastname@example.org, 312.267.4528.
PHOTO: Transwestern represented Design Phase Inc. in a 48,370-square-foot lease at Amhurst II, a 167,916-square-foot industrial facility located in the Amhurst Lake Business Park in Waukegan, Illinois.