Hyper Microsystems Leases 197,000 SF
Buffalo Grove, IL, March 31, 2009 - Hyper Microsystems has signed a one-year lease for 197,000 square feet at the recently completed $45-million Aptakisic Creek Corporate Center. The distributor and manufacturer of computer storage devices took the space in the three-building distribution complex to house excess inventory acquired in a recent purchase. The company will occupy an entire 147,000 square-foot facility and 50,000 square-feet of another 188,000 square foot building.
'They needed the space immediately and we were able to provide that to them,' said Tony Pricco, principal with Bridge Development Partners LLC, which developed the 508,000 square foot complex. 'They liked the modern space, but the key to the deal was that they needed the space within a week. Right now it's a short-term lease, but our goal is that they stay longer.'
Hyper Microsystems' new space at 1700 and 1701 Leider lane, near Aptakisic Road allows Hyper Microsystems to expand from its current location just a few miles away at 201 Hastings Drive, also in Buffalo Grove.
Bridge completed construction on the 29-acre Aptakisic Creek this fall, including retrofitting an existing 173,000 square-foot warehouse which has since been leased fully for 12 years to PrimeSource Building Supplies. Located at Aptakisic Road and Leider Lane, the development also included the two buildings Hyper Microsystems will occupy, both of which offer 30-foot clear ceiling heights, 16 loading docks, four drive-in doors, ESFR sprinklers, T5 lighting, and 150 or more parking spots. The development is about 73% occupied, with about 138,000 square feet remaining available in the larger of the two buildings for asking lease rates around $7 per square foot.