Industrial N Illinois

Colliers arranges 60,000-SF, full-building industrial lease in Chicago

Colliers arranges 60,000-SF, full-building industrial lease in Chicago,ph01

Colliers International | Chicago’s Chris Volkert, SIOR, and Brendan Green represented Oberg Medical Products Company in a long-term, 60,126-square-foot, full-building lease at 4311 N. Normandy Avenue in Chicago.

Oberg Medical will consolidate facilities from Elk Grove Village, Illinois and Niles, Illinois into the new Chicago location and employ over 100 people. Oberg Medical, an Oberg Industries company, is a precision machining, stamping and tooling contract manufacturing partner supporting medical device OEMs.

“The modern industrial building checked the boxes for our client’s real estate requirements, including heavy power and manufacturing amenities, access to labor and highway access and an existing 6B tax classification,” said Green, a senior vice president with Colliers | Chicago.

A Class A industrial building situated on 3.35 acres, 4311 N. Normandy Avenue features precast construction, 25-foot clear heights, four exterior docks, one drive-in door and parking for over 100 cars. Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group— purchased the property in October 2018 and since then has conducted interior demolition and renovation work. Brett Kroner of Cushman & Wakefield represented the landlord in the deal.