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Michelin Subsidiary Relocates to Channahon
Camso USA, Inc., a Michelin subsidiary, has signed a new 252,208 square foot lease for its largest U.S. warehouse, located at 24601 S. Bradley St. in Channahon, IL. The company is relocating from a previous warehouse location in Joliet, IL and expects a September move-in.
Camso, one of North America’s largest manufacturers and distributors of rubber tires and tracks for off-the-road vehicles and construction equipment, selected the site not only for its location and labor needs, but also to meet Michelin’s high standards for warehouse facilities.
“This one-year-old speculative building meets Michelin’s standards, including a lease with incentives in excess of $1.1 million in monetary benefits to the tenant,” said Merit Partners’ David Liebman, who represented the tenant.
The building owner, Crow Holdings Industrial (CHI), was represented by brokers Sean Henrick and Jason West of Cushman & Wakefield. CHI’s Matt Kurucz was ownership’s leader in the transaction.
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
