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Cawley Commercial Real Estate has completed three new industrial leases at a manufacturing campus located at 4800 and 4850 S. Kilbourn Avenue in Chicago, Illinois. The two-building property, owned by AIC Industrial, totals 237,694 square feet and is positioned on 8.58 acres within one mile of two interchanges along I-55. Following the latest leasing activity, the campus is now reported to be 42% occupied.
Cawley CRE’s leasing team of Frank Melchert, Stevan Arandjelovic, and Simon Porras represented ownership in securing a new tenant for space at 4800 S. Kilbourn Avenue. Chicago Metal Fabricators signed a 34,836-square-foot lease with a 36-month term, adding a manufacturing user to the campus and contributing to the overall increase in occupancy.
At the adjacent 4850 S. Kilbourn Avenue building, Cawley CRE arranged two additional commitments. Chicago Moonwalks Inc. executed a 22,148-square-foot lease with a 60-month term, expanding the property’s tenant roster with another industrial user. In a concurrent transaction, The Experts 1 HVAC Inc. agreed to an 84-month lease for the property’s 6,198-square-foot garage building, locking in a longer-term user for this specialized portion of the campus.
Multiple brokerage teams were involved in representing tenants in the new deals. Chicago Moonwalks Inc. was represented by Adam Roth and Wilson Starr of NAI Hiffman. Separately, NAI Hiffman’s Alex Sutterer and Patrick Clifford represented Chicago Metal Fabricators in its lease at 4800 S. Kilbourn Avenue. The involvement of several tenant-representation professionals underscores ongoing activity among industrial users seeking space in this part of Chicago.
The campus’s location near two I-55 interchanges offers access and transportation advantages for industrial and manufacturing tenants, pairing regional connectivity with a sizable land site. With the completion of these three leases, the owner has advanced the lease-up of the campus, diversified its tenant mix across manufacturing and service-related users, and established term lengths ranging from three to seven years.
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