Janko Group Inks Full-Building Lease Near Chicago MSA
Janko Group has signed a full-building, 10-year lease at its Bristol Business Park in Bristol, Wis. ERMCO will fully occupy the 157,043-square-foot Building 4, set to move from its suburban Chicago location this summer, REJournals reported. Cushman & Wakefield negotiated on behalf of both parties.
Janko Group obtained a $13.5 million construction loan for Building 4 from Central Bank Illinois and completed it in 2023, according to CommercialEdge.
Building 4 is a rear-load industrial facility at 10200 136th Ave. and features 32-foot clear heights, 4,000 amps of power, 30 exterior dock doors, two drive-in doors, and 215 vehicle parking spots.
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The 11-acre industrial building is near Interstate 94, providing access to several transport hubs. It is 6 miles from Kenosha Regional Airport, 9 miles from Salem, Wis., 16 miles from Lindenhurst, Ill., 32 miles from Northbrook, Ill. and within 41 miles of Chicago O’Hare International Airport.
Bristol Business Park is a 250-acre master-planned property, designed to include nine industrial buildings at full build-out, encompassing 3 million square feet. These are set to range from 115,200 to 1.1 million square feet, with some in pre-development stages. The development team includes Peak Construction Corp. as general contractor, Harris Architects as architect of record and Manhard Consulting as civil engineer.
Cushman & Wakefield Executive Director Sean Kropke and Vice Chairman Keith Puritz worked on behalf of the tenant, while Vice Chairman Brett Kroner and Director Marc Samuels represented the landlord.
Earlier this month, Cushman & Wakefield brokered another industrial deal in the region—W.P. Carey signed a 1.6 million-square-foot lease in University Park, Ill. The tenant is a global tech company that will occupy the entire building at 701 Central Ave.
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