40,000-SQUARE-FOOT INDUSTRIAL LEASE SIGNED IN ILLINOIS

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SCHAUMBURG, ILL. — Amada-Wasino America has signed a 10-year lease for a 40,000-square-foot industrial property in Schaumburg. Shorewood Properties leased the property, which is located at 2324 Palmer Drive. The lease is valued at more than $4 million. Amada plans to use the property as a showroom, system configuration area, parts storage and distribution. Mas Ishida of TOBI International represented the tenant; John Cassidy and Ken Franzese of Lee & Associates’ Chicago office represented the landlord in the transaction. Terms of the lease were not disclosed.

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