MANUFACTURING COMPANY BUYS MAJORITY OF FORMER KRAFT GLENVIEW CAMPUS

GLENVIEW, ILL. — Illinois Tool Works (ITW), a Fortune 200 industrial manufacturer, has acquired the vast majority of the former Kraft Foods Group Inc. campus in Glenview, a northern suburb of Chicago. Terms of the transaction were not disclosed. The campus is located four miles southeast of ITW’s former location at 3600 W. Lake Ave. Global commercial real estate services firm Studley represented ITW in the site search and final transaction. The land ITW purchased from Kraft includes 49 acres and two office buildings spanning 503,000 square feet combined. Kraft vacated the Glenview campus as part of the splitting of its grocery and snack businesses. Rick Schuham, executive vice president and co-branch manager of Studley’s Chicago office, represented ITW in the transaction. John Goodman and Eric Feinberg, also of Studley, assisted Schuham. Paul Sheridan of Hamilton Partners assisted in the transaction.