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Cushman & Wakefield (NYSE:CWK) has represented ShipFusion Inc. – an e-commerce fulfillment company that combines flexible, reliable solutions with powerful, real-time technology at its owned and operated temperature-controlled facilities across North America – in its new 381,600 square foot (sf) lease at 365 E. North Ave., in suburban Carol Stream, Ill.
The location will be home to ShipFusion's new U.S. flagship operation. The Chicago-based company provides proprietary inventory management software and a wide range of fulfillment services including freight, insurance, returns and custom workflows.
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Completed in 2017 as a spec development, the Class A industrial facility located in DuPage County will include more than 330,000 sf of warehouse space, in addition to 40,000 sf of temperature-controlled space, and 8,500 sf for corporate offices. Building features include 36-foot clear heights, cross-docks and high visibility off North Ave.
ShipFusion was represented by Cushman & Wakefield's Doug Pilcher and Jason West. The property's landlord, Link Industrial Properties, was represented by David Prell and Kevin Segerson of CBRE.
"It's been incredible to see ShipFusion's rapid growth from a 25,000-sf property just five years ago to where they are today," said Pilcher. "We're excited to be able to bring their U.S. headquarters under one roof in a state-of-the-art facility, with easy access to I-355 and both Chicago international airports."
"As online retail continues to grow at a rapid pace, the need for flexible e-commerce fulfillment with strong software grows with it," said Brandon Luft, co-founder at ShipFusion. "This new facility allows us to expand our operations significantly and serve a larger number of e-commerce clients across the globe and the U.S., as they scale their businesses."
About Cushman & Wakefield
Cushman & Wakefield (NYSE:CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200210005817/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.