Mohr Partners, Inc. Represents Electrolux Home Products, Inc. on Warehouse Lease Renewal in Illinois
February 6th, 2018 | Press Releases
FOR IMMEDIATE RELEASE
Minooka, IL. – February 6, 2018 – Mohr Partners, Inc., a national wholly-owned commercial real estate advisory firm exclusively focused on representing tenants, announced the lease renewal of Midpoint Distribution 801 for Electrolux Home Products, Inc. The warehouse is located at 801 Midpoint Road and leases 965,183 square feet of space. The extended lease term will take Electrolux through November 2027.
Managing Principal Eric Beichler and Managing Director Chis Leonard of Mohr Partners represented Electrolux on the transaction. Susan Bergdoll, Vice President of leasing and development for Duke Realty, represented Midpoint Distribution 801.
“I am pleased to represent Electrolux on their lease renewal,” Beichler said. “Our goal was to ensure Electrolux is provided with the most strategically advantageous location and flexibility for their business.”
Electrolux Home Products, Inc. is a leading global appliance company based out of Stockholm, Sweden and is the world’s only appliance manufacturer that offers complete solutions for both professional and individual consumers. Providing appliances ranging from dishwashers and air conditioners to smaller kitchen items, Electrolux sells over 60 million products annually.
“Duke Realty pleased Electrolux has opted to remain in Midpoint Distribution 801,” Bergdoll said. “The building’s location along the I-80 corridor and just five miles from the I-55/I-80 interchange provides Electrolux with excellent access to the Chicago metro area as well as the rest of the country.”
About Mohr Partners:
Mohr Partners, Inc. is a global corporate real estate services firm providing tenants and occupiers integrated solutions including business consulting & advisory, portfolio strategy/lease administration, research and site selection, location incentives consulting, transaction advisory, project management and business intelligence/data analytics services. Since 1986, Mohr Partners has been managing real estate portfolios for organizations around the world. Mohr Partners’s 200 professionals working from the firm’s 22 North American owned offices, deliver integrated services worldwide through strategic alliances with best-in-class partners in Mexico/Latin America, EMEA and Asia. As the leading diverse commercial real estate firm, Mohr Partners became a certified Minority Business Enterprise (“MBE”), by the National Minority Supplier Development Council (“NMSDC”) in 2017 Please visit www.mohrpartners.com.
For more information contact:
Chairman & CEO
214 907 8094
This release may contain “forward-looking statements.” All statements, other than statements of historical fact, including statements that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed by us or generally associated with our business.