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Personal Care Maker Bumps Up Space By 43% in Relocation
Colliers International I Chicago’s Mike Senner and Ned Frank have arranged a 119,388-square-foot lease at 4920 S. Central Ave. in Chicago for Concept Laboratories Inc. The lease represents a 43% increase in space for the personal care and household products manufacturer, which will relocate from 83,091 square feet at 4404 W. Ann Lurie Pl. in Chicago next February.
For Concept Laboratories, the new space fits an overall strategy for growth while offering a more functional opportunity. “The move was a win-win for our client,” said Senner. “We were able to secure a property that could accommodate significant growth while lowering overall cost.”
The 461,750-square-foot 4920 S. Central features 20 exterior docks, 12 interior docks and direct access to the I-55/Central four-way interchange. Its central location puts it within a day’s drive of half the U.S. population.
CBRE’s Matt Mulvihill, Mitch Adams and Cal Payne represented building ownership, Combined Warehouse Company.
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