Ortho's new offices sit on 1.2 acres, and the company has an option on an adjoining 1.2-acre site. The growing company needed the new space for expansion, and selected this site for its proximity to corporate headquarters at 129 E. Calhoun St. in Woodstock. RK was represented by G. Pat Ryan, SVP of Paine/Wetzel ONCOR International, while Ortho was represented in the deal by Mike Adams of Colliers Bennett & Kahnweiler.
Built in 2005, the pre-cast and glass facility had been previously marketed for lease at around $5.50 per square foot net. The property is located off of Interstate 90, and offers proximity to routes 14, 176 and 47. It's located in the far north submarket, where overall occupancy is around 87% and average asking lease rates are near $5.50 per square foot, according to Grubb & Ellis' mid-year industrial market report.
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