X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DES PLAINES, IL-A joint venture between The Missner Group, based in Skokie, IL, and AMB Property Corp., with corporate headquarters in San Francisco, have completed a build-to-suit facility at 255 Wille Road for Coaster Co. of America, headquartered in Los Angeles. The cost for the 253,400-sf warehouse was around $20 million, sources say.

Coaster Co., a national furniture distributor, is relocating from an 180,000-sf building at 560 Supreme Dr., Bensenville, IL that was also constructed by AMB. Construction on the new building began last March, as previously reported by GlobeSt.com.

Coaster Co. is moving to the new facility for “more space, a better location and the technological advances of a new building in terms of logistics and automated systems,” says Glen Missner, principal with The Missner Group. The new location “is a highly visible site right on the (Interstate 90) tollway,” Missner says.

The new warehouse facility, on a 15.3-acre site, has 18,000 sf of office and showroom space, 30 feet clear ceiling heights and 55 docks. Missner did not disclose the term of the lease except to say that it was “long-term.” The lease rate is $6.30 per sf net with yearly escalations. Tim Geisler, with Missner, was the senior project manager. Dayne Anderson was the project engineer and Jim Booth was the project superintendent. Harris Architects was the architect for the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.