WEBER-STEPHEN PRODUCTS CO. LEASES 250,000-SQUARE-FOOT FACILITY

ELGIN, ILL. — Palatine, Ill.-based Weber-Stephen Products Co. has signed a long-term lease for a 250,000-square-foot industrial facility, located at 2500 Northwest Parkway within Northwest Corporate Park in Elgin. The company plans to use the facility as a supplementary distribution hub for its manufacturing plants in Palatine and Huntley, Ill. Weber-Stephen plans to completely occupy the building by the end of the year. The building features 30-foot clear ceiling heights, 25 exterior loading docks, two drive-in doors, ESFR sprinkler systems and secured trailer parking. The building is owned through a fund of Dallas-based ING Clarion Partners. Noel Liston of Darwin Realty & Development Corp. represented the tenant; Andrew Lowe of ING Clarion represented the ownership in the transaction.