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Darwin Realty & Development Corporation
Build-to-Suit & Tenant Representation
Elgin, Illinois
550,000 SF
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Challenge
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- To identify a suitable land site for Colony Display
- Client needed a 550,000 square foot facility to be built in two phases. Phase 1, 300,000 SF and another 250,000 SF within 24 to 36 months
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Action Steps
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- Identified multiple sites in excess of 20 acres that could accommodate the total requirement of 550,000 SF
- Solicited proposals from developers and/or land owners of the respective parcels
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Results
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- We successfully executed a 10-year lease with the owners, Interstate Partners
- In addition, tenant has option to purchase the facility in year five of the lease and to expand the facility by 250,000 SF within 24 months of occupancy at no additional carrying cost to the tenant
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