As exclusive advisor, Newmark Knight Frank is pleased to offer qualified investors the opportunity to acquire the 100% fee simple interest in a 102,829 square foot industrial production and warehouse facility (the “Property”) located at 385 West Gilman Avenue in Wheeling, Illinois. The Property is fully occupied by SG360° (the “Tenant” or “Company”) and serves as a mission critical production facility operating three shifts per day. The Property is strategically located immediately next to the corporate headquarters where the Company is under a long term lease until December 2033. The Company has consistently shown commitment to the Property through significant tenant funded capital expenditures, while exercising renewal options. Additionally, SG360 has continued to expand its footprint in properties immediately adjacent to its headquarters to facilitate production growth and distribution needs. Overall, the Tenant occupies over 500,000 SF in the business park.
The Property benefits from its core market location in the Chicago MSA, where the industrial market is currently experiencing historically low vacancy at 6.7% (submarket vacancy at 4.9%) and its 38th consecutive quarter of positive absorption, totaling 5.6 million square feet. SG360 is a global leader in direct mail solutions, providing end to end services for a wide array of verticals, including financial services, specialty and general retail, automotive, consumer products and consumer packaged goods. Founded in 1952, the Company now has production and sales operations across the United States. Headquartered in Wheeling, IL, the Company generated approximately $300 million in revenue for fiscal year
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.