Lee & Associates recently facilitated a 91,956-square-foot lease for Nova Medical Products at 410 Smoke Tree Plaza in North Aurora, Illinois. The deal was negotiated by Kenneth Franzese and John Cassidy, SIOR of Lee & Associates on behalf of the tenant. Nova Medical Products is a leading manufacturer and distributor of medical equipment products including canes, crutches, transport chairs and scooters.
The landlord in this transaction was represented by John Whitehead and Jack Brennan from NAI Hiffman. The new Class A industrial facility is expected to be completed in Q2 2024 and is located within the Park 88 Logistics Center with convenient access to I-88 via Route 31. As part of their relocation from McCook, Nova will occupy approximately 55% of the total space available (165,928 square feet) under a long-term lease agreement.
This news was originally published on Connect CRE’s website as “Lee & Associates Facilitates Major Lease for Leading Medical Equipment Manufacturer”.
