December 7, 2020, 1:45 PM
Newmark announces the 61,627-square-foot industrial lease to Anritsu Infivis Inc. at Elk Grove Technology Park at 701 Innovation Drive in Elk Grove Village, Illinois. Newmark Managing Director David Creiner, in cooperation with Senior Managing Director Corey B. Chase, represented the tenant, Anritsu Infivis Inc., in the transaction.
Anritsu Infivis Inc., recently honored by the Daily Herald Business Ledger’s 2020 Best Places to Work in Illinois, is an industry leading supplier of advanced product inspection and foreign material detection equipment installed on food and pharmaceutical production lines globally. The new regional headquarters will offer expanded demonstration facilities and improved employee workspaces and will enable Anritsu to further expand its local assembly capabilities to better meet the short delivery time frames required by its customers in North and South America. The new lease represents an expansion of space from the company’s former location on Cambridge Drive.
“There were several promising options in the O’Hare marketplace for Anritsu’s space considerations; however, they gravitated towards the Elk Grove Technology Park given the park’s location, amenities, image and fantastic terms that were provided by ownership,” said Corey.
The 600,000-square-foot industrial park includes a data center, state-of-the-art systems and fixtures, bike and walking paths, upgraded landscaping and water features. The high-image business park is centrally located near major interchanges, restaurants and hotels.
According to Newmark Research, the Chicago industrial market experienced nearly 6.8 million square feet of positive net absorption in the third quarter of 2020, which represented the market’s 43rd consecutive quarter of positive absorption.
About Newmark (Nasdaq: NMRK)
Newmark Group, Inc., together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark.
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Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.