(Rosemont, Ill. ‒ April 20, 2015) Duke Realty Corporation’s (Duke Realty) Chicago office and Colliers International announce the construction of a new 499,154-square-foot, build-to-suit warehouse for Fellowes Inc. in Butterfield Corporate Park in Aurora, IL. The new facility, which will be leased by Fellowes and serve as its main U.S. distribution center, will be built by Duke Realty, on a 24.55-acre site it owns. The transaction is the Chicago area’s largest build-to-suit year-to-date.
Founded in 1917, Fellowes, Inc. is a global manufacturer and marketer of business machines, records storage and office accessories. Fellowes employs more than 1,500 people throughout the world and has operations in 16 countries. Fellowes products are now readily available in over 100 countries across the globe.
Fellowes will be consolidating its leased space at 6525 Muirfield Drive in Hanover Park, IL and its owned Itasca, IL facilities at 1625 Norwood Avenue and 1612 Glenlake Avenue. Fellowes occupies approximately 525,000 square feet within those three facilities, and has hired the Colliers team to sell the two owned properties. Fellowes plans to relocate to the new Aurora facility by May 2016.
“We reached a critical point in the growth of our business where consolidation of our leased and owned facilities was a logical next step,” said Andy Kokodynsky, Corporate Facilities Manager at Fellowes. “We are looking forward to gaining the efficiencies that accompany a multi-property consolidation, and after considering our employee base, concluded that the Aurora location near a four-way interchange was ideal.
Butterfield Corporate Park is located at the northwest quadrant of Route 59 and Ferry Road in Aurora, IL, just one-half mile north of the four-way interchange at I-88 and Route 59. Butterfield Corporate Park totals approximately 158 acres and is also home to Follett Corporation.
“Duke Realty is pleased to have been selected by Fellowes for its new U.S. distribution facility,” said Ryan O’Leary, Senior Vice President of Duke Realty’s Chicago office. “We appreciate Colliers making us aware of this opportunity and working closely with us and Fellowes to complete the transaction. We look forward to delivering a first-class building that will meet Fellowes’ needs now and in the future.”
Daniel E. Arends, principal, and David A. Bercu, SIOR, principal, both with Colliers International | Chicago, represented Fellowes in the transaction. Duke Realty was represented by listing agents David Prell, John Suerth and Traci Buckingham Payette with CBRE and Susan Bergdoll with Duke Realty.
At his Annual State of the City address held on April 16, 2015, Aurora Mayor Thomas Weisner announced Fellowes’ commitment to Aurora and also indicated that the company would be bringing nearly 125 jobs to the area.
ABOUT DUKE REALTY
In the greater Chicago area, Duke Realty owns, manages or has under development more than 12.5 million square feet of industrial and healthcare properties and has strategic land positions in Butterfield Business Park and in other locations available for future development. Duke Realty’s local offices are located at 9377 West Higgins Road, Suite 600 in Rosemont.
On a nationwide basis, Duke Realty Corporation owns, maintains an interest in or has under development approximately 153.2 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm. For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter (@ColliersIntl) or (@ColliersChicago) and LinkedIn.