Globe Corp. Adds Tenant to Cantera Development in IL
- Aug 23, 2018
Broadband service provider WOW! has leased 39,620 square feet of space in one of the buildings at Globe Corp.’s Cantera business park in Warrenville, Ill. JLL represented the tenant while CBRE worked on behalf of the landlord.
“This location will provide the tenant with excellent access to its workforce and customer base,” said Senior Vice President Peter Adamo, in a prepared statement. “Likewise, the long-term lease will stabilize the investment-grade asset for ownership.”
Adamo was assisted in the deal by Executive Vice President David Justh of CBRE. JLL’s team was made up of Managing Director Ben Erskine and Executive Vice Presidents Todd Schaefer and Dan McGowan.
Warrenville’s largest employment center
The single-story property is located at 4350 Weaver Parkway within the Cantera live-play-work community and can be reached via the Winfield Road and Interstate 88 interchange. It features high-end interior finishes, signage options and generous parking. Due to the site’s location, tenants have access to several restaurants, a Super Target store, five hotels, a daycare center and two residential communities.
Offering office, industrial, residential, retail and hospitality space, the Cantera development has become Warrenville’s hot spot for the nearby residents, which are close to 100,000 within a 10-mile radius. According to the City of Warrenville, it is also one of the largest employment centers in the area with more than 5,000 people working there. Some of the biggest employers are EN Engineering, Exelon Nuclear, Liberty Mutual Insurance and Performance Health. The project also encompasses the first proton therapy cancer treatment center in the state of Illinois, Northwestern Medicine Cancer Center.
In addition to the 4350 Weaver Parkway asset, Globe Corp. owns the only two industrial facilities within Cantera, the Diehl Centers I and II, which add approximately 200,000 square feet to the company’s industrial portfolio.
Image courtesy of CBRE