Dexter Magnetic Consolidates into Elk Grove Technology Park
Avison Young negotiated a long-term lease on behalf of Dexter Magnetic Technologies, Inc., for an 81,676-square-foot industrial facility in the newly developed Elk Grove Technology Park at 801 Innovation Dr. in Elk Grove Village, IL. The firm’s Christopher Lydon and Chris Tecu worked with the developer on the project, Brennan Investment Group, on the lease negotiations for the project.
Dexter is expanding its operations while consolidating its two current Elk Grove Village facilities located in the O’Hare submarket. The building shell is complete and the construction on the new office space is expected to begin this summer.
“Over the course of the lease, Dexter will add approximately 200 employees at this new state-of-the-art facility,” said Lydon. “Remaining within Elk Grove Village allows the company to retain their top-tier workforce which is a major priority for this innovative company.”
Brennan Investment Group was represented by CBRE’s Jack Brennan.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).