December 2009

Fastener firm renews Elmhurst leases

Fastener maker Semblex Corp. renewed leases totaling about 186,000 square feet at four buildings in Elmhurst. The company signed long-term renewals at 370 Carol Lane, a 60,290-square-foot industrial building owned by TA Associates Realty, and at 199 W. Diversey Ave., a 43,755-square-foot building that’s the company’s headquarters and is owned by a private trust, according to David Bercu of Colliers Bennett & Kahnweiler Inc., who represented Semblex and declines to disclose terms of the deals. The company also renewed in two buildings where it leases a portion of the space: 35,000 square feet at 388 Carol Lane, a 40,502-square-foot building owned by ML Realty; and 47,000 square feet at 342 Carol Lane, a 67,955-square-foot building owned by Mirvac Industrial Trust. TA Associates was represented by Oakbrook Terrace-based NAI Hiffman; the other properties didn’t have brokers, according to Mr. Bercu.
Source: ChicagoRealEstateDaily.com

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