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April 2020

Long-Term Lease Renewal in Former Ashley Capital Chicago Industrial Park

Calumet Business Center

Del Monte Foods renewed their lease for 10 years in the Calumet Business Center, a major warehouse in Chicago.

Gary Rosecrans from Ashley Capital, who brokered the sale of Calument Business Center to Glen Una in 2017, said of the industrial asset in Chicago: “Calumet Business Center is a truly one-of-a-kind business park, with strong ‘stickiness’ of tenants that need either rail service or support local manufacturing processes.” Gary added, ““As a testament to the enduring value of this space, Del Monte has been here for 20 years and has committed to 10 more.”

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About Ashley Capital

Ashley Capital, LLC is one of the largest privately owned industrial real estate investment/development firms in the United States. The firm has offices in Atlanta, Chicago, Detroit, Grand Rapids, Norfolk and New York. Ashley’s current portfolio is over 27,000,000 square feet. Ashley is a long-term flexible owner that actively manages its properties and pays close attention to the needs of its tenants.

For more information on Ashley Capital, LLC, please visit: www.ashleycaptial.com. Ashley Capital can also be followed on Facebook, LinkedIn and Twitter.