CHICAGO – September 7, 2016 – CBRE assisted The Flolo Corporation in the acquisition of a 42,411-square-foot industrial property located at 1400 Harvester Road in West Chicago, IIl.
CBRE’s John M. Hamilton, Mike Sedjo and Jack Brennan represented The Flolo Corporation and David Prell represented the Seller, Acts Four Thirty Two, LLC. The company is relocating and consolidating from its current facilities at 1061 E. Green Street and 420 Podlin in Franklin Park, Ill.
”The Flolo Corporation was forced to relocate due to the Elgin O’Hare/294 Bypass project. The original focus was a search for buildings with cranes currently in place,” said John Hamilton, Vice President with CBRE. “With a decreasing supply of total inventory on the market and very limited crane buildings to consider, they chose to open up the search to properties without existing cranes in place. 1400 Harvester currently has plenty of power, adequate office space and the design of the building gives Flolo the flexibility to add the cranes that are crucial to their business.”
The Flolo Corporation is a multi-faceted Electro-Mechanical repair facility, Power Transmission Distributor and Custom System Integration Company with four locations in the state of Illinois including two locations in Bensenville, one in Gurnee, and one in South Elgin.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
