MONDAY, JANUARY 25, 2010

Display-maker consolidates to one location

by Chicago Industrial Properties Reports
Chicago -> Lake


Grayslake-based GFX International, maker of displays and graphics for retailers, leased approximately 85,000 square feet of space within the Libertyville Corporate Center at 1755 Butterfield Road Libertyville. GVA Chicago represented building ownership, Ashley Capital, in the transaction. Cushman & Wakefield represented the tenant.

With the long-term lease at the multi-tenant facility, GFX will be consolidating two operations, in Lakemoore and Waukegan, into one location. The Libertyville location was selected, in part, because of its proximity to GFX's corporate headquarters, which is approximately 10 minutes away.

The new location at 1755 Butterfield Road is a 253,000 square foot multi-tenant facility. It features 26-28-foot clear ceiling heights and is used by tenants for both manufacturing and warehouse/ distribution purposes. With this lease, the building is 33 percent occupied.

GFX produces display and graphic materials for virtually every segment within the retail industry. Using project management, production and profiling capabilities, the company creates in-store environments that are designed to inspire, educate and motivate consumers to buy products. The company employs over 200 people in Grayslake. GFX will use the building for production and shipping of their retail display fixtures.

Dan Tobin, Mark Deady, and Greg Wernish, all of GVA Chicago, represented the landlord, Ashley Capital. Chris Porter of Cushman Wakefield represented GFX.

Libertyville Corporate Center is a 40-acre business and industrial park. In addition to this 253,000-square-foot building and a 35,000-square-foot free-standing office building, there are 20 acres of land available for sale or for build-to-suit development opportunities.

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