Total Square Footage: 40,210
Acquired: September 3, 2021
Tenant Name: Kauffman Engineering, LLC
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our latest acquisition.
On September 3, 2021, Royal Oak acquired the warehouse and office flex facility of Kauffman Engineering, LLC (“Kauffman”) located in Lincolnshire, IL. The property is located in the Chicago metropolitan statistical area (“MSA”), the 3rd largest MSA in the United States. Approximately 50 million people, or 17 percent of the national population, live within 500 miles of Chicago, making the city the focal point of the Midwestern markets. Kauffman signed a 15-year absolute net lease at closing.
The property was built in 1993 on 4.47 acres. The low site coverage allows for an expansion opportunity of 20,000 to 40,000 square feet in the future, if needed. The office portion consists of two stories. The warehouse portion of the building has a clear height of 21 feet, along with two interior loading doors and one drive-in door.
Founded in 1973, Kauffman is a leading provider of highly engineered industrial grade wire harnesses, cable assemblies and related products, serving global blue chip OEM customers across a diversified set of demanding, high-value, and growing end markets. Kauffman enjoys a high level of repeat business, due to the consistent quality of services, highly customized and highly engineered products, critical function as a supply chain partner, and relatively expensive switching costs driven by the integration with Kauffman. Kauffman was acquired by Monomoy Capital Partners in 2019.