PEERLESS INDUSTRIES CONSOLIDATES TO ILLINOIS FACILITY

AURORA, ILL. — Illinois-based Peerless Industries has signed a 1-year lease and purchase option for a 307,813-square-foot industrial space at 2300 White Oak Circle in Aurora. The auto/visual mounting solutions manufacturer plans to consolidate and relocate its global operations to the new facility, which was developed by Northern Builders in 1997. Situated on 22.5 acres, the building features 30-foot clear ceiling heights, 35 exterior docks and 400 parking spaces. Peerless has future plans to develop a 180,000-square-foot expansion on the site. Larry Goldwasser and Jay Maher of NAI Hiffman represented Peerless Industries; Jason West, Sean Henrick and Mike Magliano of Cushman & Wakefield represented the owner, Northern Builders. Additional terms of the lease were not released.