WAUKEGAN, IL—Two manufacturing firms recently leased and bought more than 135,000 sq. ft. in the North Chicago/Southern Wisconsin market.
Ludlow Manufacturing has leased 72,150 sq. ft. within a 195,000-sq.-ft. industrial facility at 3821-31 Hawthorn Court here. EMCO Chemical Distributions has purchased a 64,690 square foot manufacturing/distribution facility located at 4909 70th Avenue in Kenosha, Wis.
Both tenants are moving space around in the backyard of their local market. Ludlow, a company that services OEM manufacturers with fabrication needs, expanding and relocating from nearby Gurnee, Ill. North Chicago, Ill.-based EMCO also operates out of a 260,000-sq.-ft. manufacturing and distribution building on 30 acres in Pleasant Prairie, Wis.
Whit Heitman, principal; Samuel Badger, senior vice president; and Brad Weiner, vice president with Paine/Wetzel/TCN Worldwide represented the seller in the EMCO deal, Venture One Real Estate LLC, and Ludlow in its lease. Mike Prost with Lee & Associates represented EMCO in its purchase. Zacharia Graham with CBRE worked on behalf of the building owner, John Daley & Associates, in the Ludlow lease.
