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Illinois Tool Works To Stay In Norwood

Aug 23, 2011 | Reprints | Unlock Link | Print

KBS Capital Advisors, an affiliate of KBS Realty Advisors of Newport Beach, Calif., has signed a long-term lease extension with Illinois Tool Works Inc. for 110,194 square feet at 825 University Avenue property in Norwood.

The 166,574-square-foot, two-story office/R&D complex is 100 percent leased to Illinois Tool Works and LTX Corp., according to a statement.

Mike Frisoli and JR McDonald from Cushman & Wakefield’s Boston office negotiated the lease on behalf of Illinois Tool Works. Brian McKenzie, John Lashar and Rob Byrne from Richards Barry Joyce & Partners in Boston represented KBS.

Illinois Tool Works, a Fortune 200 global diversified industrial manufacturer headquartered in Glenview, Ill., has been a tenant at 825 University Ave. since 2005.

Commercial & Industrial