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