Colliers Bennett & Kahnweiler, 2008-05-27
by Aimee Course
Rosemont, IL
Solideal USA has recently assumed occupancy of its 122,596-square-foot space at 2700 McDonough, Joliet, IL. Vernon F. Schultz, SIOR, Executive Vice President, and Brent R. De Noble, Vice President, both with Colliers Bennett & Kahnweiler’s Industrial Services Group, represented both developer Higgins Development Partners and Solideal in negotiating the 10-year lease transaction.
2700 McDonough is a 645,817-square-foot warehouse building originally constructed in 1969 for Caterpillar but undergoing a full renovation. The space occupied by Solideal features 20’ clear ceiling height, 10 new exterior, depressed truck docks, a new drive-in door, and 8 new trailer parking stalls. It is also crane equipped.
Solideal USA is a manufacturer and distributor of solid rubber tires. The vertically integrated firm has R&D facilities based in Europe and Asia; manufacturing in Europe, North America, and Asia and over 100 distribution and service locations throughout the world. The Solideal group employs more than 9,000 people worldwide. In Chicago, the expanding company decided to consolidate its Harvey, IL and Rockford, IL locations into one facility and chose 2700 McDonough for its ideal location because of its close proximity and easy access to I-55 and I-80.
An ownership entity controlled by Chicago-based Higgins Development Partners purchased 2700 McDonough in February 2007 and immediately began its extensive renovations.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.
Contact Information
Aimee Course
Director of Marketing and Communications
Colliers Bennett & Kahnweiler
(847) 698-8243
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