Lee & Associates recently closed two industrial transactions in Kane County, Illinois. Michael Androwich, Principal at Lee & Associates’ Illinois office, represented the tenant Cynamic Chemical Company on a lease renewal of 20,124 square feet at 1400 Kingsland Drive in Batavia. The building is owned by Mapletree and Cynamic specializes in private-label chemical manufacturing.
Jay Farnam of Lee & Associates’ Illinois office also represented buyer Elgiloy Specialty Metals (ESM) on their purchase of a 16,740-square-foot building located at 1525 Fleetwood Drive in Elgin. ESM manufactures standard and custom specialty metals for aerospace engineering applications as well as chemical processing industries such as oil and gas production facilities or medical defense systems like nuclear power plants.
Farnam commented that “North Kane County has become an attractive location for industrial companies to relocate or expand operations due to its talented labor force.” He added that he was pleased to assist his client with increasing their production capacity near their current facility given the growth seen within Metro Chicago’s manufacturing industry today .
